Oil prices slip as recession fears rumble on, tight supply stems losses

Oil prices slip as recession fears rumble on, tight supply stems losses

• Brent crude futures slipped 35 cents, or 0.3%, to $111.28 a barrel at 0016 GMT, having jumped 2.4% on Friday.
• U.S. West Texas Intermediate (WTI) crude futures similarly dropped 32 cents, or 0.3%, to $108.11 a barrel, after climbing 2.5% on Friday.
• While recession fears have weighed on the market over the past two weeks, supply concerns linger, preventing steeper price falls.

https://www.cnbc.com/2022/07/04/oil-markets-recession-supply-opec-russia.html