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Brent Oil Tumbles Below $70 as Oversupply Fears Deepen Rout

Brent futures dropped below $70 a barrel for the first time since December 2021, a fresh leg lower in a price slump spurred by robust supplies, demand concerns and rampant speculative selling.

By: financialpost.com

Sep 10 2024
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Brent Oil Tumbles Below $70 as Oversupply Fears Deepen Rout

(Bloomberg) — Brent futures dropped below $70 a barrel for the first time since December 2021, a fresh leg lower in a price slump spurred by robust supplies, demand concerns and rampant speculative selling. Read More

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Labor costs remain high for small businesses, but a report shows wage growth is slowing for some