Oil
Crude prices are tumbling as energy traders reassess the short-term demand outlook given the disappointing summer driving season and as the US economy starts to show further signs it is quickly weakening. This morning’s data did not do any favors for crude after jobless claims data hit an eight-month high and the Philly Fed index showed a massive slowdown.
The oil market is starting to see more supplies from Libya and with the pace of weakening global economic data suggesting, we might not n
21-07-2022 11:27 GMT
by Edward Moya
