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Feb 16, 2022 · Oil prices are strongly influenced by the global economic outlook. Changes in supply and demand and geopolitical tensions cause price fluctuations. An orderly energy transition can protect against oil price spikes.
Jan 4, 2023 · From June 8 through the remainder of 2022, crude oil prices generally decreased as concerns about a possible economic recession reduced demand. High petroleum prices were one cause of persistent broad-based inflation in 2022 that affected consumer budgets and gasoline demand.
Sep 23, 2022 · Oil prices continued to tank on Friday, posting a fourth straight week of declines and falling to their lowest level since January amid rising fears that a looming economic downturn will hurt...
- Sergei Klebnikov
Nov 21, 2022 · Key Facts. The price of West Texas Intermediate slipped more than 5% Monday to less than $75.50 per barrel—its lowest level since early January—while international benchmark Brent crude also...
Aug 15, 2022 · Aug. 15, 2022. When Russia invaded Ukraine last spring, energy experts were predicting that oil prices could reach $200 a barrel, a price that would send the costs of shipping and...
Dec 7, 2022 · The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains since Russia's invasion of Ukraine exacerbated the worst global energy supply crisis in decades.
Aug 10, 2022 · So why are oil prices falling? The three Rs are to blame: recession fears, Russian resilience, and retreating demand. However, no one's quite sure what comes next.
