Oil prices crashed by more than seven percent on Tuesday morning as demand destruction fears due to new lockdowns in China, soaring inflation, and a strong dollar took center stage. - The International Energy Agency has warned that, despite the current energy crisis being potentially the worst ever, it is still far from being over.
- International attention has shifted from oil markets, which have seen prices crash back below $100, to natural gas, where a perfect storm is shaping up ahead of the 2022/2023 winter season. - While IEA chief…Oil Prices Crash By More Than 7% On Demand Destruction Fears
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