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.
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