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Oil: WTI plunges 5%, weighed down by fears of recession

2022-06-22T07:35:46.245Z


Oil prices plunged more than 5% on Wednesday as markets worried that a sharp hike in interest rates aimed at containing inflation...


Oil prices plunged more than 5% on Wednesday as markets worried that a sharp hike in interest rates aimed at containing inflation could trigger a recession.

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Around 7:00 a.m. GMT (9:00 a.m. Paris time), a barrel of WTI crude lost 5.09% to 103.92 dollars, while Brent fell 4.70% to 109.26 dollars.

Source: lefigaro

All business articles on 2022-06-22

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