Oil Has Been Getting Crushed
Advertisement
Advertisement
Oil is down another 1% in early going this week.
But the big story is that for the last three months, oil has been getting clobbered (and crucially at a time of heightened geopolitical stress).
One worry is that the decline in crude represents a flagging global economy, a possibility given the stagnation in Europe, and weakness in China.
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh