scorecardresearchOil Dips as Traders Flip Focus to Slowdown Despite Tight Market

Oil Dips as Traders Flip Focus to Slowdown Despite Tight Market

Updated: 29 Jun 2022, 08:39 AM IST
TL;DR.
Oil took a breather after a three-day rally as concerns over a demand-sapping recession filtered back into the market, overshadowing signs that global stockpiles and supply continue to tighten.
FILE PHOTO: A worker uses a petrol pump at a Brazilian oil company Petrobras gas station in Brasilia, Brazil March 7, 2022. REUTERS/Adriano Machado/File Photo/File Photo

FILE PHOTO: A worker uses a petrol pump at a Brazilian oil company Petrobras gas station in Brasilia, Brazil March 7, 2022. REUTERS/Adriano Machado/File Photo/File Photo