Crude oil buckles as recession angst rattles commodity investors

Oil prices decline after growing concern among investors that the US may be approaching a recession.
Photo: Eli Hartman/AP/Ritzau Scanpix
Photo: Eli Hartman/AP/Ritzau Scanpix
By Bloomberg News

Oil sank as investors weighed escalating concerns that the US may be headed for a recession, while the Biden administration prepared to step up its fight against lofty pump prices by calling for a tax holiday on gasoline.

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