Crude futures price slide extends as economic woes plague demand outlooks

摘要

Crude futures settled lower Sept. 30 as recession fears and continued selling pressure in equity markets weighed on sentiment. NYEMX November WTI settled $1.74 lower at $79.49/b and ICE November Brent finished 53 cents lower at $87.96/b. US Federal Reserve officials reiterated late Sept. 29 the central bank’s aggressive monetary policy rhetoric and signaled more interest rate hikes to come, even if the economy tips into recession, according to media reports.