WTI Crude Falls 4% As Economic Fears Trigger Selloff

Crude oil prices were sent tumbling on Tuesday morning, with WTI falling below $73 per barrel, with Brent falling below $77 per barrel on jitters about the economy. Oil futures are set to finish out the day on Tuesday at their lowest levels since the end of March as the market looks toward the Fed’s next policy decision. WTI for June delivery (CLM23) fell $3.12 (-4.18%) on Tuesday by 10:45 a.m. to $72.56 per barrel. Brent crude oil for July 2023 delivery (BRNN23) fell $3.07 (-3.87%) per barrel to $76.24. New data from China—the world’s…