Business

Oil prices tumble as recession fears rise


Another tumultuous week in the oil market has brought crude prices to their lowest levels since January, with sparse trading and a dim prospect as supply and demand resulted in a moderate 30% drop from this year’s high.

Despite a 5.9% gain since Wednesday, the main US oil price has fallen about $35 a barrel since peaking above $122 three months ago. West Texas Intermediate closed Friday at $86.79. Brent crude oil futures, the main international price gauge, ended at $92.84.



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button