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Oil tumbles as much as 10%, breaks below $100 as recession fears mount

 
Brass Clockwork
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User ID: 79822051
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07/06/2022 05:27 PM
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Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Don't worry, prices at the pump will still rise.

Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.
The firm added that minimal progress has been made on solving structural supply issues in the oil market, meaning that even if demand growth slows prices will remain supported.

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Anonymous Coward
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07/06/2022 05:42 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
hopefully they will fill up the strategic reserve again
Anonymous Coward
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07/06/2022 05:49 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Oil below $100 should mean sub $2/gal regular unleaded.
BBQ BOY™

User ID: 81759931
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07/06/2022 05:55 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Dropped down to $3.92 a gallon here today
"Never underestimate the pain of a person. In all honesty, everyone is struggling. Just some people are better at hiding it than others."

Everyone has to work out their own salvation.

Life can only be understood backwards, but it must be lived forwards.
Anonymous Coward
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07/06/2022 05:55 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Oil below $100 should mean sub $2/gal regular unleaded.
 Quoting: Anonymous Coward 83805581


It's a dip, it will rise.
Anonymous Coward
User ID: 73812260
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07/06/2022 06:06 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Dropped down to $3.92 a gallon here today
 Quoting: BBQ BOY™


Such a bargain !
BBQ BOY™

User ID: 81759931
United States
07/06/2022 06:15 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
Dropped down to $3.92 a gallon here today
 Quoting: BBQ BOY™


Such a bargain !
 Quoting: Anonymous Coward 73812260


socioJoe
"Never underestimate the pain of a person. In all honesty, everyone is struggling. Just some people are better at hiding it than others."

Everyone has to work out their own salvation.

Life can only be understood backwards, but it must be lived forwards.
Buck Rogers

User ID: 83316080
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07/06/2022 07:40 PM
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Re: Oil tumbles as much as 10%, breaks below $100 as recession fears mount
hopefully they will fill up the strategic reserve again
 Quoting: Anonymous Coward 79585750


Biden just gave away 5 million barrels to the EU lol.





GLP