Oil tumbles as IEA revises down demand growth
Oil prices are continuing to trend lower as we move towards the end of the week, with recession fears once again the driving force. The IEA alluded to economic risks in its monthly oil report, in which it downgraded demand growth this year and next by 100,000 barrels per day.
The downward revision would have been larger but for the stronger rebound in developing and emerging economies led by China.
14-07-2022 09:49 GMT
by Craig Erlam
