Published 2 years ago

Brent bounces above $101/bbl as focus returns to supplies

Summary by Reuters

Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession.

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Times of India

Oil slides below $100 as as recession fears cloud global demand outlook

Recession worries pushed the price of Brent oil briefly back under $100 on Wednesday, and the euro moved closer to parity with the dollar. Citi analysts have forecast that Brent could strike $65 later this year in the event of a prolonged worldwide economic downturn.

2 years ago·India

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Reuters

Brent bounces above $101/bbl as focus returns to supplies

2 years ago·United Kingdom

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IBTimes

Oil Prices Extend Drop As Recession Fears Cloud Global Demand Outlook

Oil prices slipped in early Asian trade on Thursday, after hitting a nearly three-month low during the previous session, as fears of a potential global recession spurred concerns about oil demand. Brent crude futures fell 71 cents to $99.98 a barrel by 0013 GMT. WTI crude futures fell 62 cents to $97.91 a barrel. The declines follow a dramatic fall on Tuesday. WTI slid 8% while Brent tumbled 9% - a $10.73 drop that was the third biggest for the…

2 years ago·United States

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