Oil prices fall on concerns over recession, inventories (reuters.com)

Oil prices fell on Thursday, adding to sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed.

The combination of a slew of data suggesting a slowdown in global growth amid the U.S.-China trade war and persistently high levels of oil in U.S. storage has punctured recent optimism in crude markets, but stoked expectations that leading producers may take further steps to support prices.
more at source: https://www.cnbc.com/2019/08/14/reuters-america-update-1-oil-prices-fall-on-concerns-over-recession-inventories.html

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