Oil Slips Yet Again, WTI Futures Crash Under $76 Per Barrel

6 Dec 2022 , 05:36 PM

Crude oil slipped today amid mostly weak equities. Asian stocks saw muted trades amid lack of major economic cues and negative overnight leads from the US markets. European markets witnessed modest losses today. The US stocks fell on lingering uncertainty about the outlook for interest rates. The Dow slumped 1.4 percent, the Nasdaq lost 1.9 percent and the S&P 500 tumbled 1.8 percent to 3,998.84. WI Crude oil futures have been under stress after breaking under $80 per barrel in last session and currently trade at $75.83 per barrel, down 1.43% on the day. Powered by Commodity Insights