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WTI Oil Outlook: Oil Price Slumps Below $100 on Demand Concerns

25 April 2022

WTI oil price fell nearly 5% on Monday, extending weakness well below psychological $100 level and hitting the lowest in two weeks. Oil came under increased pressure on concerns that extended lockdowns in Shanghai and hawkish signals from the US central bank about stronger than expected rate hike would slow global growth and hurt oil […] The post WTI Oil Outlook: Oil Price Slumps Below $100 on Demand Concerns appeared first on Action Forex.