Monday, August 31, 2026

Oil slumps with weakening demand outlook

Oil prices in New York and London fell as much as 5 per cent, and the oil futures curve showed signs of near-term weakness following widening lockdown measures in Germany, France, and Italy, BNN Bloomberg reports.

 

https://www.bnnbloomberg.ca/oil-drops-with-renewed-lockdowns-dimming-outlook-for-demand-1.1580832

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

Iran attacks U.S. bases in Jordan after US strikes Larak Island

(Al Jazeera Media Network) Iran says it launched missiles at two US bases in Jordan following a US attack on Larak Island in southern...

Trump says U.S. will refill reserves using Venezuelan oil

(Al Jazeera Media Network) United States President Donald Trump has said on social media that oil from a recently struck deal with Venezuela will be ⁠used...