Oil prices sank today after disappointing Chinese economic data renewed concerns of a global recession.
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Oil prices sank today after disappointing Chinese economic data renewed concerns of a global recession.
Oil prices sank today but were still on track for weekly gains despite supply disruptions in the Gulf which are only expected to be short-term.
Oil prices were strong today as OPEC (in contrast with the IEA) lowered its demand forecast for 2022.
Oil prices were higher today, rebounding from earlier losses as lower than expected inflation data helped markets.
Oil prices were lower today in another volatile session.
Oil prices rallied today, up 2% in volatile trade. Positive economic data from China and the US was received well by markets after strong job growth in the US.
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand.
There will be no commentary for 8-4-2022
Oil prices closed lower today after news of OPEC+ raising their production for September was released as well as news of potential Iranian crude being discussed later this week
Oil prices were higher today ahead of tomorrow’s OPEC+ meeting.