Asian heavyweights rally on lower oil prices - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
06 Jul 2022 - Oil fell $8.93 or 8.2% to US$99.50 a barrel to the lowest since mid-May. Investors are expecting that a recession would lead to a slowdown in global demand over the persistent supply chain disruptions. Adding to the woes, are the supply outages and protests disrupting exports in Libya.
Norwegian offshore workers have begun a strike, demanding wage increases to compensate for soaring inflation across the country, according to the union leading the industrial action.