Crude oil price falls more than 5% amid mounting recession concern, China Covid cases: Anil Singhvi sheds light
Crude Oil Price: Singhvi said that the Organisation of the Petroleum Exporting Countries (OPEC) had tried controlling the supply to hike Crude Oil prices but that did not work. He said that the price did not cross $100 barrel.
Crude Oil Price: Besides the global economy and Covid concern in China, the central banks rate hikes also weighed on crude prices, Image source- Reuters