Oil prices have been declining in a turnaround from recent soaring levels as fears of a recession weigh on expected demand WSJWhatsNow
Related Video: U.S. gas prices have hit a record and are showing no signs of going down. That’s largely because oil companies no longer have an incentive to drill more as oil prices rise. WSJ’s Dion Rabouin explains. Photo composite: Ryan TrefesSlowing demand and recession fears helped bring the benchmark U.S. oil price below $100 a barrel Tuesday, continuing a rapid turnaround from soaring levels in recent months.
Oil prices shot higher earlier this year as war in Ukraine disrupted supply lines and the world-wide postpandemic reopening lifted demand. That move has contributed to the
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