Oil Bounces After Steep Slide, But Growth Fears Still Weigh

Oil surged on Dec. 26, erasing some of the steep losses that have taken crude benchmarks to lows not seen in 1-1/2 years on perceptions the price slide has gone too far, too fast. Both U.S. and Brent crude were more than 6% higher on Dec. 26, but it was unclear if the move would see any follow-through when trading desks are more fully staffed after the beginning of the new year. Crude has been caught up in wider market weakness as the U.S. government shutdown, higher U.S. interest rates and the U.S.-China trade dispute unnerved investors and exacerbated worries over global growth.

https://www.shaledirectories.com/blog/oil-bounces-after-steep-slide-but-growth-fears-still-weigh/