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Oil Slumps to $70 as Demand Dries Up!

Started by PocketOption, Dec 11, 2022, 06:11 am

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PocketOption

Oil Slumps to $70 as Demand Dries Up!

Market Insights

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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