Published 1 year ago

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

Summary by Ground News

Oil prices plunged more than $5 a barrel on Wednesday 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.

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Reuters

Oil prices bounce back, helped by stronger OPEC outlook for China

Oil prices rose in early Asia trade on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures.

1 year ago·United Kingdom

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CNBC

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

Oil prices plunged more than 6% to their lowest in more than a year as unease over Credit Suisse spooked world markets.

1 year ago·United States

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Channel News Asia

Oil prices bounce back, helped by stronger OPEC outlook for China

TOKYO : Oil prices rose in early Asia trade on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures.Brent crude futures climbed 62 cents, or 0.8 per cent, to $78.07 a

1 year ago·Singapore

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RTÉ

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.

1 year ago·Ireland

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Financial Post

Oil slumps $5/bbl to lowest in more than a year as banking fears mount

HOUSTON — Oil prices plunged more than $5 a barrel on Wednesday to their lowest in more than a year as unease over Credit Suisse spooked world markets and…

1 year ago·Canada

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The Epoch Times

Oil Slips as Banking Fears Return, Offsetting China Demand Hopes

LONDON—Oil extended losses on Wednesday as unease over Credit Suisse spooked world markets, offsetting 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 broader European stocks sliding. “The financial sector in Europe is under significant turmoil today,” said Naeem Aslam,…

1 year ago·New York, United States

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