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

Vladimir Afanasiev
Reuters

Published 5 July 2022, 17:18Updated 6 July 2022, 14:24

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