Crude oil prices began trading lower this week after a brief rally last Friday as Iran geared up for a retaliatory strike on Israel.
Worries over U.S. and European banking sectors push oil prices lower.
Last week’s welcome drop in fuel price proved to be short lived
This week has been a real roller coaster for the oil market. Oil began the week at $115 per barrel for brent crude, spurred on by the continuing conflict between Russia and Ukraine.
Oil prices have seen a decline as fears of a U.S. recession and uncertainty over the Chinese economic recovery weighed on the outlook. Learn more with Fuelmate.
Oil prices fell sharply this week as soft economic readings and fears of rising interest rates pushed up uncertainty over a recovery in demand this year.
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