Aug 5, 2024 U.S. crude oil falls below $72 per barrel, hits six-month low as market sells off

• West Texas Intermediate has erased its gain for the year and Brent is now down for 2024.
• Weak economic data in the U.S. sparked a selloff in equity markets as fears grow that that a recession may be looming.
• Softness in China’s economy had already been spooking oil market traders.

https://www.cnbc.com/2024/08/05/crude-oil-prices-today.html