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Oil is falling, recording a weekly loss of about five percent

2022-04-23T06:14:48.854Z


London, SANA- Oil prices fell and recorded a weekly loss of about five percent, affected by expectations of weak economic growth


London-Sana

Oil prices fell and recorded a weekly loss of about five percent, affected by expectations of weak global economic growth.

According to Reuters, Brent crude fell $1.68, or 1.6 percent, upon settlement to $106.65 a barrel.

US West Texas Intermediate crude fell $1.72, or 1.7 percent, to $100.77 a barrel upon settlement.

Brent price reached $139 a barrel last month, its highest level since 2008, but the two benchmarks recorded weekly losses of about five percent each.

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Source: sena

All business articles on 2022-04-23

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