Challenge of fear of growth Oil prices soar

War, pandemics and supply problems around the world have kept oil prices near their highest levels in nearly a decade this past quarter. Slowing growth could be the biggest threat to the rally.

Brent crude, the global oil benchmark, ended June not far from April, up 6.4% to $114.81 since the start of the quarter. It was little comfort to gas station drivers or truckers and airlines buying diesel and jet fuel as they corrected record prices in the first stretch of the year. crude oil over $100/barrel for almost 10 years. According to Dow Jones data, since 2013, there has not been a quarter that has resulted in a higher average daily closing price for Brent crude oil contracts.

https://www.wsj.com/articles/growth-fears-challenge-soaring-oil-prices-11656591877?mod=rss_markets_main Challenge of fear of growth Oil prices soar

Luke Plunkett

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