Wall Street opens lower after strong job creation
July 11, 2022Treasury Yields Decline as Recession Fears Persist
July 12, 2022Crude oil futures edge lower as global economic slowdown and new Covid-19 lockdowns in China threaten demand, while President Biden is set to visit Saudi Arabia in an attempt to boost supply. The WTI benchmark falls 2.7% to $102.01. Prices are also weakened by a rising dollar. “Crude oil is lower on demand factors and a strong greenback,” Spartan’s Peter Cardillo say in a note to clients. The USD is gaining versus major currencies today, with the DXY index up 0.8%