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Oil’s Selloff on China COVID can send a barrel under $85 The new lockdowns in China caused by dirty COVID extended the sale of oil for the third consecutive day, which increased the probability that the US crude being pushed below $ 85 per barrel since the end of January. Brent crude, a global benchmark […]
Dow Jones concludes the worst quarter since 2020 On Thursday Dow Jones concludes the second quarter of the year with an enormous quarterly loss for two years. It happened because the latest economic data has increased the fear of recession in the consumers when Fed is recklessly determined to bring down inflation. The S&P 500 […]
Increased concerns regarding slowing economic growth and oil demand that redeem worries about tightening oil supplies have brought oil prices down on Monday. Brent crude futures came down 8 cents or 0.1% to $113.04 per barrel by 0242 GMT after a rise of 1% earlier. Front-month prices also came down 7.3% last week, which is […]