Oil goes for a wild ride
Oil edged lower after a wild session as energy traders became worried that inflationary pressures will only get worse as this war continues and that will lead to crude demand destruction. After another hot inflation report, many investors on Wall Street are growing concerned that stagflation risks could derail the economy later this year.
Adding to the pressure on crude prices is the distant possibility that OPEC+ could be serious in their contemplation of boosting oi
10-03-2022 16:19 GMT
by Edward Moya
