Weaker Dollar Fuels Oil Rally | OilPrice.com
The weakening of the US dollar helped oil prices this week, keeping WTI front-month prices at $86 per barrel despite the avalanche of bad macroeconomic news
Source: oilprice.com
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OPEC Plus Decision to Reduce Oil Output Could Lead to Global Recession
A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.
Source: planetizen.com
Brent Crude Drops Below $90 On Recession Fears
WTI crude has fallen back to pre-OPEC cut announcement levels, with Brent crude falling back below $90 per barrel on global recession fears.
Source: oilprice.com
Global Recession Fears Push Oil Prices Lower
The bullish news of the OPEC+ output cut is wearing off, and the market is once again focusing on the possibility of a global recession
Source: oilprice.com
The OPEC+ Cut Is A Disaster For President Biden
The OPEC+ decision to cut its production quota by 2 million bpd has left President Biden stuck between a rock and a hard place
Source: oilprice.com