Oil Takes a Hit as Recession and Covid Fears Loom

The German ZEW was the latest report to send recession fears through the commodities markets, knocking Crude Oil $7 lower, back below the psychological $100 level in WTI Crude Oil. The headline print was -53.8 vs an expectation of -38.3 and a June print of -28.  This was the lowest level since December 2011.  The […]

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