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Falling oil prices

2022-05-12T14:49:06.884Z

London, SANA- Oil prices fell today in a volatile week, as fears of recession spread turmoil in financial markets



London-Sana

Oil prices fell today in a volatile week as recession fears unsettled global financial markets outweighed by supply concerns and geopolitical tensions in Europe.

Reuters reported that Brent crude futures fell $1.92, or 1.8 percent, to $105.59 a barrel, and US West Texas Intermediate crude futures fell $1.79, or 1.7 percent, to $103.92 a barrel.

Oil prices are under pressure this week, along with global financial markets, amid concerns about rising interest rates, the dollar's rise to a two-decade high, and worries about inflation and a possible recession.

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Source: sena

All business articles on 2022-05-12

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