scorecardresearchOil slumps by more than $5 as Biden expected to cut U.S. fuel cost

Oil slumps by more than $5 as Biden expected to cut U.S. fuel cost

Updated: 22 Jun 2022, 01:51 PM IST
TL;DR.
Brent crude futures were down $5.10, or 4.5%, to $109.55 a barrel while U.S. West Texas Intermediate (WTI) futures were down $5.37, or 5.9%, at $104.15 as of 0800 GMT.
President Joe Biden waits for his turn to speak about the newly approved COVID-19 vaccines for children under 5, Tuesday, June 21, 2022, from the Roosevelt Room of the White House in Washington. (AP Photo/Susan Walsh)

President Joe Biden waits for his turn to speak about the newly approved COVID-19 vaccines for children under 5, Tuesday, June 21, 2022, from the Roosevelt Room of the White House in Washington. (AP Photo/Susan Walsh)