Tag: downgrade,
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Oil Down 5%; Commodities Roiled by IMF Growth Downgrade, China and Recession Scare
[ad_1] By Barani Krishnan Investing.com — Crude prices fell about 5% Tuesday, snapping a four-day rally, as commodities from oil to gold sold off after the International Monetary Fund slashed its world growth forecasts for 2022 and next year due to runaway inflation and other economic challenges caused by Russia’s invasion of Ukraine. Reports that…