Oil drops back below $80 despite supply cuts

Oil fell below $80 a barrel for the first time in more than two months as fresh doubts on whether the Federal Reserve has finished tightening outweighed Saudi Arabia and Russia’s supply cuts.

West Texas Intermediate fell as much as 2.2%. Broader financial markets dropped and the dollar strength

Learn more about reprints and licensing for this article.

Leave a Reply

Your email address will not be published. Required fields are marked *