An oil pump jack at the New Harmony oilfield in Illinois. Economists fear the US economy could fall into a recession this year amid steep interest rate increases. Bloomberg
An oil pump jack at the New Harmony oilfield in Illinois. Economists fear the US economy could fall into a recession this year amid steep interest rate increases. Bloomberg

Business

Energy

Oil tumbles as recession fears outweigh supply concerns

Crude is headed for a monthly loss after falling last week following a move by the Fed to raise rates

Sarmad Khan
Sarmad Khan

June 22, 2022