Brent oil stalls as market weighs supply disruption, recession fear

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Brent oil stalls as market weighs supply...
 © CyprusMail 2022
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.

Brent crude futures for September settlement edged up 0.2 per cent, or 22 cents, to $113.73 a barrel by 0432 GMT.

US West Texas Intermediate crude climbed $1.95, or 1.8 per cent, to $110.38 a barrel, from Friday’s close. There was no settlement for WTI on Monday because of the Independence Day public holiday in the United States.

“While there...


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Article automatically added to our system on Tuesday, July 5, 2022

Brent oil stalls as market weighs supply disruption, recession fear


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Article Tags: #brent   #stalls   #market   #weighs   #supply   #disruption   #recession  


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