AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Brent oil falls as recession fears increase fuel demand concerns

admin-augaf by admin-augaf
July 5, 2022
in Business, Finance, International
Reading Time: 1 min read
0
Brent oil falls as recession fears increase fuel demand concerns
Share on FacebookShare on TwitterWhatsapp

Singapore July 5 2022: Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway.

Brent crude futures for September settlement fell by 60 cents, or 0.5%, to $112.89 a barrel by 0638 GMT.

U.S. West Texas Intermediate crude climbed $1.13, or 1.1%, to $109.58 a barrel, from Friday's close.

There was no settlement for WTI on Monday because of the Independence Day public holiday in the United States.

"Oil is still struggling to break out from its current recessionary malaise as the market pivots away from inflation to economic despair," Stephen Innes of SPI Asset Management said in a note.

Investors are becoming more concerned about demand amid a broad tightening in global financial conditions as the U.S. Federal Reserve fights rampant inflation with rapid interest rate increases.


Related Posts

OPEC daily basket price stands at $108.18 a barrel Tuesday

Oil Dips, Hits Lowest Since January as U.S. Data Fans Fuel Demand Fears

UAE Brings Forward Oil Production Capacity Expansion to 2027

Oil edges up on weaker dollar, low U.S. diesel stocks


Tags: BRENTOIL
admin-augaf

admin-augaf

Related Posts

Pakistan Railway
Business

Pakistan Railway To Cut Fares By 15%, Upgrade Two More Trains

March 28, 2023
Pakistan Government Debt Fall for the Second Month Despite Rupee Depreciation
Business

Every Pakistani In Debt Of 216,709 Rupees

March 28, 2023
IMF Says Risks to Financial Stability Have Increased, Calls For Vigilance
Business

IMF Says Risks to Financial Stability Have Increased, Calls For Vigilance

March 27, 2023

Recent News

Pakistan Railway

Pakistan Railway To Cut Fares By 15%, Upgrade Two More Trains

March 28, 2023
Pakistan Government Debt Fall for the Second Month Despite Rupee Depreciation

Every Pakistani In Debt Of 216,709 Rupees

March 28, 2023
Rain is likely in Upper Parts of Pakistan

Pakistan To Receive More Rainfall In Next Four Days, May Damage Wheat Crop – Met Department

March 28, 2023
IMF Says Risks to Financial Stability Have Increased, Calls For Vigilance

IMF Says Risks to Financial Stability Have Increased, Calls For Vigilance

March 27, 2023
Saudi National Bank Appoints New Chairman After Credit Suisse Loss

Saudi National Bank Appoints New Chairman After Credit Suisse Loss

March 27, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan Railway To Cut Fares By 15%, Upgrade Two More Trains
  • Every Pakistani In Debt Of 216,709 Rupees
  • Pakistan To Receive More Rainfall In Next Four Days, May Damage Wheat Crop – Met Department

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Railway

Pakistan Railway To Cut Fares By 15%, Upgrade Two More Trains

March 28, 2023
Pakistan Government Debt Fall for the Second Month Despite Rupee Depreciation

Every Pakistani In Debt Of 216,709 Rupees

March 28, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.