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Oil prices fall for a second day on concerns for expected recession

SINGAPORE: Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.
United States Russell Hardy Sugandha Sachdeva Organization Of The Petroleum Exporting Countries European Union Texas Intermediate

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BBCNEWS World Business Report June 4, 2024 04:54:00

If priced in us dollars? there tends to be _ if priced in us dollars? there tends to be an _ if priced in us dollars? there tends to be an inverse - tends to be an inverse correlation between what we see with the us dollar and what we see with commodity prices, because the strength of the us dollar tends to dampen demand for the likes of oil and gold, which is part of the reason we see wti and brent crude fall significantly this year and we have seen gold to slump to six—week lows, also in ter...
Commodity Prices Inverse Correlation Technology Stocks Thank Value

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