Oil dips lower
Crude prices remain volatile as energy traders grapple with recession fears and a tight oil market that may see the G7 unveil price caps on Russian crude. Oil might have confusing reactions to economic data until Wall Street agrees upon when the peak is in place for Treasury yields. Stronger economic data would normally be a positive for the crude demand outlook, but right now the reaction might be negative for oil as traders will view strong readings as a greenlight for the Fed
27-06-2022 12:11 GMT
by Edward Moya