Friday, 19. August 2022 Share: YouTube RSS

Commodities Corner: Recession worries pull U.S. oil prices below $100, but ‘bleak’ supply picture suggests a bargain

Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100 -a-barrel mark on Tuesday for the first time in months. That's contributed to talk of a potential "buying opportunity" for traders, even as some analysts expect further price declines.

Source: MarketWatch

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