Crude Oil ETFs Crater Amid Demand Recession Concerns
June 17, 2022 at 16:22 PM EDT
Crude oil and crude ETFs are cratering on Friday, as investors fear that a looming recession and hawkish rate increases will hurt commodities growth. After nearly reaching its March high of close to $124 per barrel, U.S. benchmark WTI crude oil is cratering on Friday, having fallen over $9 in just...