Tesla and Apple stock prices have plummeted due to growing concerns over delays in China’s production lines.
Citi Says Oil May Collapse to $65 by the Year-End
Citigroup Inc. warned that crude oil could fall to $65 per barrel by the end of this year, and then plummet to $45 by 2023 if there is a recession.
JPMorgan Sees “Stratospheric” $380 Oil on Worst-Case Russian Cut Crude Output
JPMorgan Chase & Co. analysts warn that global oil prices could rise to a “stratospheric $380 per barrel” if sanctions from the US and Europe prompt Russia to inflict retaliatory
Russian oil output up 5% in first half of June
According to Interfax, Russia’s first half of June saw an almost 5% increase in oil production compared to May. The Interfax news agency reported Tuesday, citing a source with knowledge