scorecardresearchOil in Retreat as Slowdown Risks Weighed Against Robust Demand

Oil in Retreat as Slowdown Risks Weighed Against Robust Demand

Updated: 22 Jun 2022, 08:01 AM IST
TL;DR.
Oil fell as investors weighed the odds of a slowdown in the US driven by the Federal Reserve raising rates against signs energy markets are tight.
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019.   REUTERS/Angus Mordant/

FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/