WTI crude oil prices are currently losing close to 3% and sliding to their lowest levels since March 2023. Uncertainty around the spectre of a global recession and weak demand from China are pushing prices down to around US$73.45 per barrel. Concerns over short-term demand, including weaker-than-expected Chinese production data, outweighed messages indicating limited supply later in the year.
Source: xStation 5
Daily Summary: 6% Oil Declines Fuel Stock Gains
Cocoa gains 4% trying to rebound from the 2-week low 📈
📉 Gold loses 1.5%
BREAKING: NATO considers a Hormuz deployment if the Strait not open by July