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Crude Prices Slip Further As Russian Fears Fade

OIL

Crude prices are slipping Tuesday tracking back towards Friday’s levels after failing to find much upward momentum despite fears around Russian infrastructure because of the uprising which have now been largely alleviated.

  • The markets are trying to find upward momentum on potential China stimulus. Chinese Premier Li Qiang said Tuesday that the government would roll out more practical, effective measures to boost domestic demand, but those promises were largely reiterations of prior statements without clear direction.
  • Brent AUG 23 down -1.3% at 73.2$/bbl
  • WTI AUG 23 down -1.4% at 68.43$/bbl
Energy BulletsCommodities
Energy BulletsCommodities

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