Crude oil prices have slumped to six-month lows, driven by a mounting wall of worries: US recession, China's zero-Covid policy and real estate sector implosion, Russian production recovering, US SPR releases, and the possibility of a nuclear agreement between Iran, the EU, and the US that could unleash new supplies into global markets. On Wednesday morning, the October contract of Brent on the Intercontinental Exchange tagged a six-month low of $91.58 a barrel while the new head of OPEC offered a sobering reality that global oil markets face an increased risk of a supply squeeze due to declining spare production ... (full story)