Crude Oil Forecast: WTI Crude oil futures fell for the third week in a row and shed almost 3% in the previous week, on concerns over weak US gasoline demand and a global slowdown stemming from aggressive central bank rate hikes.
Crude oil relief rally as banking concerns ease
On Monday, the price of crude oil increased in early trading as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend heightened geopolitical tensions in Europe. Brent crude futures rose by 0.4%, or 33 cents, to $75.32 a barrel at 0040 …