Pump jacks and a drilling rig at an oilfield in Texas. West Texas Intermediate, the gauge that tracks US crude, was down 0.34 per cent to $109.19 on Monday morning. Reuters
Pump jacks and a drilling rig at an oilfield in Texas. West Texas Intermediate, the gauge that tracks US crude, was down 0.34 per cent to $109.19 on Monday morning. Reuters

Business

Energy

Oil stable as traders assess demand prospects amid recession fears

Pace at which the Fed is raising interest rates to stem inflation has stoked fears of a slowdown in the world's biggest economy

Sarmad Khan
Sarmad Khan

June 20, 2022