Oil pares gains
It's been another volatile couple of days for oil, with Biden's seemingly unsuccessful trip to the Middle East very much stealing the spotlight. Traders continue to weigh up tight supplies against recession prospects which have brought the price back to a suddenly more reasonable USD 100 a barrel.
We could see it slip further if economic prospects continue to deteriorate, or if Saudi Arabia hints at turning on the taps faster.
19-07-2022 10:39 GMT
by Craig Erlam
