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Oil Weakens In Wake of Sluggish Economic Recovery

By Andres Guerra Luz (Bloomberg) –Crude dropped as investors assessed weak economic data and signals that a recovery in consumption may be slowing. Domestic consumer sentiment posted a surprise drop with coronavirus infections nearly erasing any emerging optimism around reopenings. Meanwhile, Indian road fuel sales fell in the first half of July as localized virus lockdowns […]

WP_Post Object ( [ID] => 227505 [post_author] => 21 [post_date] => 2020-07-17 15:36:08 [post_date_gmt] => 2020-07-17 15:36:08 [post_content] => oil tanker at anchorBy Andres Guerra Luz (Bloomberg) –Crude dropped as investors assessed weak economic data and signals that a recovery in consumption may be slowing. Domestic consumer sentiment posted a surprise drop with coronavirus infections nearly erasing any emerging optimism around reopenings. Meanwhile, Indian road fuel sales fell in the first half of July as localized virus lockdowns […] [post_title] => Oil Weakens In Wake of Sluggish Economic Recovery [post_excerpt] => By Andres Guerra Luz (Bloomberg) –Crude dropped as investors assessed weak economic data and signals that a recovery in consumption may be slowing. Domestic consumer sentiment posted a surprise drop with coronavirus infections nearly erasing any ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => oil-weakens-in-wake-of-sluggish-economic-recovery [to_ping] => [pinged] => [post_modified] => 2020-07-17 15:36:08 [post_modified_gmt] => 2020-07-17 15:36:08 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=141237 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )