iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

WTI Crude Oil Slides Below $100

25 Apr 2022 , 10:48 AM

WTI crude futures fell below $100 mark to around $99.03 per barrel on Monday amid demand concerns on persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes would dent global economic growth and fuel demand. China is a leading importer of oil. Crude oil prices are lingering near two-week lows, extending a more than 5% drop in the US oil benchmark as demand concerns outweighed worries over tight global supply. In the US, Federal Reserve Chair Jerome Powell indicated that a half-point interest rate increase ?will be on the table? when the Fed meets in May to approve the next in what is expected to be a series of rate hikes this year. Meanwhile, a significant cut in the global growth forecasts by the International Monetary Fund (IMF) has raised concerns over the demand for oil in the global market.

Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.