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0.000377976565452956 -0.000125992188484378 0.00107093360211659 0.00604762504724712 0.00617361723573132 0.0109613203981354 0.0128512032254 0.0128512032254
Stock impact report

Oil tumbles as recession fears spur worries of demand destruction [Reuters]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Reuters
FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan Benchmark Brent crude was down $11.88, or 10.4%, at $101.83 a barrel by 1:53 p.m. EDT (1645 GMT). U.S. West Texas Intermediate (WTI) crude settled at $99.50 a barrel, falling 8.2%, or $8.93 a barrel. There was no WTI settlement on Monday because of a U.S. holiday. Both benchmarks logged their biggest daily percentage decline since March 9 and hit share prices of major oil and gas companies. Prices hit the lowest since late-April. “We're getting creamed and the only way you can explain that away is fear of recession,” said Robert Yawger, director of energy futures at Mizuho. “You're feeling the pressure.” Oil futures sank along with natura Show less Read more
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