Prices of oil futures slid on Tuesday, during a volatile session, as recession woes continue to seemingly raise demand concerns with the economic outlook deteriorating further.
Earlier, Norwegian energy company Equinor ASA announced that it has closed a number of its oil fields due to the recent strikes.
West Texas Intermediate (WTI) for settlements in August plunged 1.83% at 5:49 am ET, to sell for $108.23 per barrel. At the same time, Brent for September settlements declined 1.52% to go for $111.84 per barrel.
