Energy Preview: Crude Oil Lingers Under $90 Per Barrel Mark

1 Sep 2022 , 09:02 AM

Crude oil prices are seen stalling sharp decline witnessed in the last couple of days, although the commodity continues to stay weak amid rebound in dollar overseas. Crude oil prices failed to recover above $90 per barrel mark as worries that the global economy could slow further with renewed restrictions to curb COVID-19 in China dominated markets. Nevertheless, sharp fall in crude oil inventories as per data from EIA is likely to restrict losses in crude prices. WTI crude oil futures are currently down 0.19% at $89.38 per barrel, following a drop of nearly 3% in the previous session. Powered by Commodity Insights