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Energy and Power

4 Min read

Oil Falls on Economic Fears

Published On 12 Jul 2022 02:00 PM


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A turbulent trading session on Monday caused oil prices to come down by approximately $1, wiping out several of the gains made in the previous day. This transpired given the fact that worries about a downturn and China's COVID-19 limitations were considered as a greater danger towards the market than increasing concerns about low supply.

Both of these factors have been seen as having the potential to damage demand. Reuters report....


Tags : Economic Fears, Oil Falls, COVID-19 ,
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