Oil prices continued lower today landing around 12-week lows in a volatile session overshadowed by recession concerns. Diesel futures fell over 5% today. “There are undeniably concerns about recessionary demand destruction, plus, WTI open interest at multi-year lows has created a bit of a liquidity crunch,” said Robert Yawger, executive director of energy futures at Mizuho. U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep Federal Reserve policy aggressive as tries to bring high inflation down to its 2% target. China’s crude oil imports from Russia in May soared 55% from a year earlier to a record level. Russia displaced Saudi Arabia as the top supplier, with refiners grabbing discounted supplies as Western countries sanctioned Moscow over its invasion of Ukraine. WTI traded down $.97 or -1% to close at $98.53. Brent traded down $2.08 or -2.024% to close at $100.69