Oil futures rise Friday but remain on track for the biggest weekly drop of 2023 as worries over the U.S. and European banking sector stoke recession fears.
Oil futures rose Friday, but remain on track for the biggest weekly drop of 2023 as worries over the U.S. and European banking sector stoke recession fears.
‘Oil... Oil futures rose Friday, but remain on track for the biggest weekly drop of 2023 as worries over the U.S. and European banking sector stoke recession fears. ‘Oil prices have become particularly caught up in the downward pull amid the current market turmoil,” said Barbara Lambrecht, commodity analyst at Commerzbank, in a note.
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