Fear for global growth lowers oil prices

The ongoing trade conflict's threat to global growth continues to affect oil prices.

Photo: Jacob Ford / AP / Ritzau Scanpix

Concerns over global growth lower oil prices on Friday morning. The drop is however kept in check by increased tensions in the Middle East, which might disrupt supply routes and send prices soaring, and by OPEC's production cuts.

A barrel of the European reference oil, Brent, Friday morning costs USD 63.22 against USD 63.56 Thursday afternoon. The US WTI oil is concurrently traded at USD 56.70 against USD 56.99 Thursday afternoon.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs