Oil plunged on lower global economic growth forecast
Oil plunged on lower global economic growth forecast
International benchmarks for crude oil fell more than 5% on Tuesday, 19 April 2022 after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.
Brent fell $5.91 or 5.22% to close at $107.25/barrel.
WTI plunged $5.65 or 5.22% to settle at $102.56/barrel.