Oil Up as Supply Concerns Grow amid Recession Worries6 Jul 2022 08:11
Investing.com – Oil was up on Wednesday morning in Asia, as investors shifted their focuses to supply tightness although recession worries mounted.
Brent oil futures rose 1.06% to $103.86 by 12:09 AM ET (4:09 AM GMT), after plunging 9.5% on Tuesday, the biggest daily drop since March. Crude oil WTI futures gained 0.42% to $99.92.