WTI crude oil slumped overnight to its lowest level in more than a month on extended worries of a global recession that could hit demand coupled with prolonged Russia-Ukraine war. Meanwhile, US President Joe Biden is expected to call for a gasoline tax holiday to drive down fuel prices, as per media reports. WTI Crude is down around 4%, hovering at $105.66 per barrel, after a rise by close to 2% near 111 levels in the previous session. Powered by Commodity Insights
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