Oil falls more than 6% to lowest in more than a year as banking fears mount

Oil hits lowest in more than a year

US dollar also strengthens, making it more expensive for holders of other currencies to purchase crude

Oil sinks below $75 a barrel, lowest price in more than a year

The news follows the Saudi National Bank declining to inject more money into the struggling Credit Suisse, as well as Silicon Valley Bank’s failure.

Oil hits lowest in more than a year as banking fears mount

Credit Suisse unease sparks global sell-off

Oil falls 5% to lowest in more than a year as banking fears mount

Wed, 2023-03-15 18:40 HOUSTON: Oil prices plunged 5 percent to their lowest in more than a year as unease over Credit Suisse spooked world markets and offset hopes of a Chinese oil demand recovery. Early signs of a return to calm and stability faded after Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance, sending its shares and other European equities sliding.Main category: Business & Eco…

Oil falls 5% to lowest in more than a year as banking fears mount

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices plunged 5% to their lowest in more than a year as unease over Credit Suisse spooked world markets and offset hopes of a Chinese oil demand recovery.

Oil hits lowest in over a year as banking fears mount

Oil extended its slide today, falling 4% and hitting its lowest in more than a year as unease over Credit Suisse spooked world markets and offset hopes of a Chinese oil demand recovery.