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OIL FUTURES: Brent holds above $100/b as recession concerns trigger renewed selling pressure

July 7, 2022 Comments Off

Oil futures finished a volatile session lower July 6 as recession concerns prompted a second day of strong selling pressure that sent front-month ICE Brent below $100/b intraday for the first time since April 25. NYMEX August WTI settled down 97 cents at $98.53/b, and ICE September Brent declined $2.08 to finish at $100.69/b. Crude prices saw a second day…