1:54 PM · 2 May 2023

BREAKING: WTI crude oil drops close to 3%!

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

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