PRESS ROOM
COMMODITIES: Volatility continues in oil prices
Friday 22nd July '22
Oil prices could cool down because of the following: 1. More recessionary fears, 2. Increased supply from the organization of the petroleum exporting countries (OPEC), 3. Further lockdowns in China. For now, markets are reacting to developments on each front which is why we continue to see volatility but no meaningful move in either direction.