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Business & Economics

Oil Plunges To New Multi-Year Lows As Recession Fear Spikes

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Summary
Nutrition label

78% Informative

The United States Oil Fund ( USO ), the largest oil-tracking ETF, dropped 7.1% in midday trading on Friday .

WTI crude oil traded as low as $60.45 per barrel for the first time in four years , when the pandemic was still weighing heavily on the global economy.

Friday ’s selloff came as recession worries intensified amid a dramatic escalation in President Donald Trump 's ongoing trade war.

VR Score

80

Informative language

80

Neutral language

30

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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