CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 14:40:00
Destruction. the idea that as prices became expensive, apparently too expensive for some, folks have pulled back. and concerns about an even greater demand of it. you look at the price of crude oil which is the u.s. benchmark for crude, we are much higher than we were at the beginning of this year. the prices have come down certainly in the last month. they have been trending lower. in terms of where we go from here, some tell me $4.50, $4.40, demand is pulling back a little bit but even in times of a recession, we don't see u.s. oil consumption drop much, less than 10% if you look at the four...