Oil Prices Plunge To Six-Month Low As New Data Shows China Economy Unexpectedly Deteriorated Last Month

https://www.forbes.com/sites/jonathanponciano/2022/08/15/oil-prices-plunge-to-six-month-low-as-new-data-shows-china-economy-unexpectedly-deteriorated-last-month/
Topline Oil prices plummeted to the lowest level in months on Monday morning after worse-than-expected data from China showed its economy unexpectedly slowed last month—fueling concerns that weaker market conditions could temper oil demand and potentially spark a global recession this year. Key Facts The price of West Texas Intermediate slipped more than 5% Monday…