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Falling oil prices

2022-06-23T06:00:08.878Z

Singapore, SANA- Oil prices continued to decline today, as they fell more than two percent, while investors returned



Singapore-Sana

Oil prices continued to decline today, falling more than two percent, as investors reassessed the risk of recession and demand for fuel, as major economies raised interest rates.

Reuters reported that US West Texas Intermediate crude futures fell by $2.6, or 2.7 percent, to $103.66 a barrel.

Brent crude futures fell $2.5, or 2.3 percent, to $109.22 a barrel.

The benchmark crude fell by as much as three dollars a barrel in early Asian trading, after it fell by about three percent in the previous session, and the two crudes are at their lowest levels since mid-May.

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Source: sena

All business articles on 2022-06-23

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