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Falling oil prices

2022-07-05T20:58:56.563Z

New York, SANA- Oil prices fell more than ten dollars a barrel today, recording the largest one-day decline in about a year



New York-Sana

Oil prices fell more than ten dollars a barrel today, recording the largest one-day decline in nearly four months, and the decline extended to other energy sectors amid fears of a global recession.

Reuters reported that the global benchmark Brent crude contracts ended the trading session as low as $10.73, or 9.45 percent, to settle at $102.77 a barrel.

US West Texas Intermediate crude contracts fell $8.93, or 8.24 percent, to close at $99.50 a barrel.

At their lowest levels in the session, Brent fell to 101.10 dollars a barrel, while US crude fell to 97.43 dollars.

Both benchmarks recorded the largest one-day decline in percentage terms since the ninth of March.

With the drop in oil, natural gas and gasoline contracts and stock markets also fell.

Follow Sana's news on Telegram https://t.me/SyrianArabNewsAgency

Source: sena

All business articles on 2022-07-05

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