Oil prices slump as receding price-cap threat unmasks worsening demand: Kemp By Reuters

By John Kemp LONDON (Reuters) -Global oil prices have tumbled more than 20% as the threat to production from the G7 Russia price cap has receded allowing traders to refocus on the deteriorating outlook for consumption. Front-month Brent futures prices have slumped to less than $78 per barrel from…#unitedkingdom #johnkemp #islamist #saudiarabia #lessons #frontmonthbrent #fears #chartbook #iraq #libya
Source: Reuters: Health - Category: Consumer Health News Source Type: news