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 story : Oil tumbles over 5% to trade at lowest since January #FinanceUSA #StockMarketNEWS Oil futures extended a drop Monday amid worries over China's COVID-19 lockdowns, recession worries and a sharply higher

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Oil tumbles over 5% to trade at lowest since January #FinanceUSA #StockMarketNEWS
Oil futures extended a drop Monday amid worries over China's COVID-19 lockdowns, recession worries and a sharply higher U.S. dollar. West Texas Intermediate crude for December delivery fell .58, or 5.7%, to .50 a barrel on the New York Mercantile Exchange, while the most actively traded January contract shed .28, or 5.3%, to .83 a barrel. WTI traded at its lowest since January for both the front-month and most-active contracts.


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