Mar 29, 2024 4:05 p.m.

Oil settled lower on a darkening economic outlook

Oil settled lower on a darkening economic outlook

Title

Available in

International benchmarks for crude oil inched lower on Thursday, 29 September 2022 as traders were more concerned about the weakening global economic outlook as the Federal Reserve remains unwavering in fighting inflation. Meanwhile, there have been reports that Russian might propose to OPEC+ members to cut production outputs by 1 million barrels per day in the coming meeting.  

Brent loses 83 cents to close at $88.49/barrel.

WTI dropped 92 cents to settle at $81.23/barrel.