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Oil Falls 8% On Economic Worries

Published On 15 Jul 2022 02:27 PM


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The price of oil dropped as traders became less willing to take risks due to concerns about a slowdown in the economy as a whole and an increase in the number of people in China who tested positive for the Covid-19 virus. Both of these factors contributed to an increase in the number of people in China who tested positive for the virus.

After a loss of more than 8 percent, the price of a barrel of West Texas Intermediate oil fell bel....


Tags : China, Covid-19 virus, Oil Falls 8%,
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