Oil tumbles more than 8%, breaks below $100 as recession fears mount

CNBC

Center

Mixed Factuality

Individual: Roberts Family

Oil tumbles as much as 10%, breaks below $100 as recession fears mount

Financial Post

Lean Right

Mixed Factuality

Individual: Leon Cooperman

Corporation: Allianz

Oil tumbles 9% on recession demand destruction fears

NEW YORK -- Oil plummeted about 9% on Tuesday in the biggest daily drop since March on growing fears of a global recession and lockdowns in China that could slash demand. Read More

Bloomberg

Lean Left

Mixed Factuality

Individual: Michael Bloomberg

Private Equity: The Vanguard Group

Oil Plummets Below $100 As Recession Risks Come To Forefront

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Arab News

Lean Right

Mixed Factuality

Government: Saudi Research and Marketing Group

Oil may collapse to $65 by end of 2022 if recession hits, warns Citigroup

RIYADH: Crude oil may drop to $65 a barrel by the end of this year and could sink to $45 a barrel by the end of 2023, if the recession hits, warns Citigroup as reported by Bloomberg. Citigroup analysts including Francesco Martoccia and Ed Morse said in a report that this scenario may arise in the absence of any intervention by producers from the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, and a decline in oi…

Oil & Gas 360

Other: EnerCom, Inc.

Oil tumbles more than 9%, breaks below $100 as recession fears mount

CNBCOil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas Intermediate crude, the U.S. oil benchmark, slid 9%, …The post Oil tumbles more than 9%, breaks below $100 as recession fears mount appeared first on Oil & Gas 360.