An pump jack near Karnes City, USA. Oil markets have been fluctuating with prices retreating from their highs amid growing concerns about a global economic recession. AP
An pump jack near Karnes City, USA. Oil markets have been fluctuating with prices retreating from their highs amid growing concerns about a global economic recession. AP

Business

Energy

Oil rally loses steam on fears of global economic slowdown

US crude stocks for the week to August 12 fell by 7.1 million barrels from the previous week

Massoud A Derhally
Massoud A Derhally

August 19, 2022