InvestorQ : Why did crude oil dip so sharply on 07th September?
Lavanya Subramanian made post

Why did crude oil dip so sharply on 07th September?

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Anamika Sodhani answered.
4 weeks ago
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On Wednesday, the price of crude oil fell sharply due to a sharp dollar surge and global demand concerns. Brent Crude touched $89/bbl while WTI Crude was at $83/bbl. Stringent Chinese COVID curbs are expected to tip the global economy into recession. This is despite the OPEC cutting supplies by 100,000 bpd.

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