Print

International benchmarks for crude oil tumbled about 3% on Wednesday, 22 June 2022 as investors eye additional rate hikes from the Federal Reserve that could push the US economy into a recession. 

Brent fell $2.91 or 2.5% to settle at $111.74/barrel. 

WIT plunged $3.33 or 3% to close at $106.19/barrel for August delivery.