The price of oil has pulled back considerably in recent weeks after such a strong start to the year, driven largely by concerns of a looming recession. Economic slowdowns, after all, have historically led to lower oil demand.
OPEC+ has agreed to increase oil output by 648,000 barrels per day in July and August – a larger-than-expected amount as the Ukraine war wreaks havoc on global energy markets.
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Asian Stock Market: Mix on cautious market mood, DXY flat ahead of Fed minutes, oil slipsMarkets in the Asian domain are displaying mixed responses to falling S&P 500 futures in the Asian session. Friday’s gains in Wall Street were expecte
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US stocks, crude oil prices fall as markets extend slumpStocks fell broadly in afternoon trading on Wall Street Tuesday, extending a slump for the major indexes as investors continue to worry about the state of the economy.
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