Crude Oil Prices Fall Below $60 A Barrel As U.S. Recession Fears Grow

Shafaq News/ Oil prices fell on Thursday evening to below $60 a barrel, the first decline since April 9, amid sharp fluctuations in the global oil market. Brent crude futures fell $1.17, a 1.92% change, to $59.89 a barrel, while US West Texas Intermediate (WTI) crude futures fell $1.24, or 2.13%, to $56.98. “The oil market remains concerned about weak oil demand growth in the coming months due to trade tensions as well as the speed of easing OPE…

On Thursday, the price of a barrel of Brent crude oil fell below $60, a four-year low, trading at around $59.50 a barrel at midday. A day earlier, banks cut their oil price forecasts in light of the trade war between the US and China.

Crude Oil Prices Fall Below $60 A Barrel As U.S. Recession Fears Grow

Detailed price information for Chevron Corp (CVX-N) from The Globe and Mail including charting and trades.

Week in Review: Bearish Momentum Builds with Price Drops Rooted in Uncertainty - Mansfield Energy

Bearish sentiment stacked on top of already bearish sentiment this week as prices fell more than $4/bbl against intensifying geopolitical risks, signs of economic slowdown, and shifting supply dynamics. West Texas Intermediate (WTI) crude fell to $60/bbl by midweek and even further to $58/bbl this morning, while Brent crude dropped to $61 this morning, putting both benchmarks on track for the sharpest decline in a month. The downward trend refle…

June Crude Lower for 4th Straight Session

CRUDE OIL June Crude Oil was lower for the fourth straight session overnight and was... The post June Crude Lower for 4th Straight Session appeared first on ADMISI.

Oil drops on US economic contraction, possible OPEC+ supply rise

Brent crude futures fell $1.1, or 1.8%, to $59.96 a barrel as at 1207 GMT. U.S. West Texas Intermediate crude futures fell $1.14, or 2%, to $57.07