July 23, 2024
Oil prices end more than 2% lower after back-to-back gains

Oil prices end more than 2% lower after back-to-back gains

Oil futures ended lower Tuesday, with prices down by more than 2% after back-to-back gains, as investors weighed recession fears and prospects for energy demand.

Price action
Market drivers

Oil prices “looked as if they were going to mount a rally before old banking worries re-emerged,” said Phil Flynn, senior market analyst at The Price Futures Group, in a note.

Fresh…

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