Oil Prices Continue to Fluctuate Amid Economic Uncertainty.

Oil prices have plunged to their lowest point since late March due to apprehension surrounding the possibility of an economic recession and lower fuel demand. The increase in the number of Americans filing for new claims of unemployment benefits and a sharp fall in factory activity in the mid-Atlantic region are among the bearish indicators. Some analysts initially thought the weakness was attributed to the market pricing in the OPEC+ output cuts.