Oil Falls Again As Traders Remain Concerned About U.S. Banks ...Middle East

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Oil Falls Again As Traders Remain Concerned About U.S. Banks
source : OILPRICE ( Middle East ) () 34
Oil markets continued to be disrupted by the failure of Silicon Valley Bank and Signature Bank over the weekend, with oil prices losing nearly 3% just shy of the closing bell on Monday.  On Monday at 3:36 p.m. EST, Brent crude was trading down 2.96% at $80.33, for a loss of $2.45 on the day. WTI was trading down 2.99% at $74.39, for a loss of $2.29 on the day. SVB, the go-to lender for tech startups backed by venture capitalists, failed dramatically on Friday, with shares plunging 60% before the SEC halted trading. Investors were spooked last…

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