Oil rises as tight supply trumps recession fears

Follow-ups -eshrag News:

Mon, 2022-07-04 21:09

LONDON: Oil rose on Monday as supply concerns driven by lower OPEC output, unrest in Libya and sanctions against Russia outweighed fears of a demand-sapping global recession.
Eurozone inflation hit yet another record high in June, strengthening the case for rapid European Central Bank rate increases, while US consumer sentiment hit a record low.

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Business & Economy

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