Title: Oil Slumps to $70 as Demand Dries Up!
Post by: PocketOption on Dec 11, 2022, 06:11 am
Post by: PocketOption on Dec 11, 2022, 06:11 am
Oil Slumps to $70 as Demand Dries Up!
Source: Oil Slumps to $70 as Demand Dries Up! (https://www.orbex.com/blog/en/2022/12/oil-slumps-to-70-as-demand-dries-up)
Oil prices have tumbled to their lowest level of the year as concerns grow about new restrictions imposed on n energy.
The sharp drop in prices is mostly good news for consumers, signaling prices at the gas pump should continue their recent plunge.
With Brent also hitting yearly lows, is a turnaround plausible before the year’s end?
Timestamps
WTI 01:30
BRENT 02:55
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Source: Oil Slumps to $70 as Demand Dries Up! (https://www.orbex.com/blog/en/2022/12/oil-slumps-to-70-as-demand-dries-up)