Oil prices plummet on global recession fears

Long-term concerns prevail over short-term oil supply disruption in a hectic trading day

Recession fears addressed: US Treasury Secretary Janet Yellen said in June that a recession in the country is not inevitable, but oil investors were spooked Tuesday by global recession fears
Recession fears addressed: US Treasury Secretary Janet Yellen said in June that a recession in the country is not inevitable, but oil investors were spooked Tuesday by global recession fearsPhoto: AFP/SCANPIX
Published 5 July 2022, 17:18Updated 6 July 2022, 14:24