The slowdown in demand and fears of a recession on Tuesday helped keep the U.S. oil benchmark price below $ 100 a barrel, continuing a rapid shift from the high levels of recent months.
Oil prices rose earlier this year as war in Ukraine disrupted supply lines and post-pandemic global reopening increased demand. This move has contributed to persistent inflation that has hit major economies in 2022. Growth prospects are darkening as central banks work to control inflation by cooling economic activity and lowering oil demand forecasts. merchants.