Eicarg Finance

Only Business & Financial News



icon

Oil dropping sharply August 1 on lower-than-expected Chinese manufacturing data

WTI and Brent futures down as much as 5% and 4% respectively at midday. Worry of demand destruction today outweighing CEOs of Exxon and Chevron saying just last week that they see no signs of demand destruction yet.

Reuters

2022-08-01 11:31:59