Organization

Oil Rises After Steep Losses, But Recession Fears Limit Gains 0
- Economy
- January 25, 2023
Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past month, with markets constantly weighing the prospect of slowing global economic
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Oil Languishes Below $80 as Recession Fears Outweigh Tighter Supply 0
- Market
- December 7, 2022
Oil hovered near a one-year low on Wednesday as increasing concerns over U.S. economic health and the Federal Reserve largely offset positive supply-side signals from a bigger-than-expected draw in crude inventories. A growing number of Wall Street banks warned of a potential recession in 2023, especially if interest rates keep rising and if inflation proves
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Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook 0
- Market, Stock Market
- September 26, 2022
Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts
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