# Oil Posts Weekly Decline as Recession Fears Muddle the Outlook - Bloomberg

> WTI settled above $104 a barrel on Friday but still posted a weekly decline of 3.4%. Investors remain worried that restrictive US monetary policy could bring on a recession.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/12616-oil-posts-weekly-decline-as-recession-fears-muddle-the-outlook-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Concern that tighter US monetary policy will slow growth weighs on energy demand expectations and keeps crude prices under pressure.

## Read by commodity

- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-07-08 | [Oil rises 2% but posts weekly loss on recession fears](https://feedsoft.ai/events/12617-oil-rises-2-but-posts-weekly-loss-on-recession-fears.md) | -6.6% | -13.1% |
| WTI | 2022-11-18 | [Oil slides 2%, posts second weekly decline as supply fears recede \| Reuters](https://feedsoft.ai/events/38868-oil-slides-2-posts-second-weekly-decline-as-supply-fears-recede-reuters.md) | -6.5% | -9.1% |
| WTI | 2022-07-05 | [Oil tumbles as much as 10%, breaks below $100 as recession fears mount](https://feedsoft.ai/events/11251-oil-tumbles-as-much-as-10-breaks-below-100-as-recession-fears-mount.md) | -3.9% | -12.8% |
| WTI | 2023-03-17 | [Oil prices settle down, post big weekly losses on bank fears \| Reuters](https://feedsoft.ai/events/37045-oil-prices-settle-down-post-big-weekly-losses-on-bank-fears-reuters.md) | +2.4% | +21.0% |
| WTI | 2022-07-06 | [Oil slides 2% to 12-week low on fears of global recession](https://feedsoft.ai/events/12613-oil-slides-2-to-12-week-low-on-fears-of-global-recession.md) | -3.8% | -4.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-07/oil-heads-for-weekly-loss-as-growth-fears-trump-supply-tightness

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.