Oil wobbles as global economic worries offset tightening supply

Oil wobbles as global economic worries offset tightening supply

• Brent crude futures slipped 8 cents, or 0.1%, to $113.04 a barrel by 0242 GMT, after rising as much as 1% earlier. Front-month prices tumbled 7.3% last week, its first weekly fall in five.
• U.S. West Texas Intermediate crude was at $109.49 a barrel, down 7 cents, after rising more than $1 earlier. Front-month prices dropped 9.2% last week, the first decline in eight weeks.

https://www.cnbc.com/2022/06/20/oil-markets-global-economy-supply-concerns.html