Page 39 - John Kilduff News Today

Oil prices plunged about five per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil. Brent futures fell $4.31, or 4.8 per cent, to settle at $86.15 a barrel, down about six per cent for the week. U.S. West Texas Intermediate (WTI) crude fell $4.75, or 5.7 per cent, to settle at $78.74, down about seven per cent for the week.

Energy stocks are the worst performers on the S&P 500 in early trading on Friday, as WTI crude oil slides below $80/bbl for the first time since January. Front-month Nymex crude...

Oil posted its longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic ...

Oil posted its longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic ...

Brent and WTI fall for fourth week in a row, first time this has happened since December

Expected interest rate hike could further sink fuel demand

But some analysts say the hikes weren't as severe as initially thought.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Oil prices fell on Wednesday after the US Federal Reserve delivered another hefty rate hike to quell inflation, but that may also reduce economic activity...

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