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Global oil price decline

2022-08-16T11:12:12.932Z


London, SANA- Oil prices fell in global markets today, amid fears of a global recession. Reuters reported that Al-Aq


London-Sana

Oil prices fell in global markets today amid fears of a global recession.

Reuters reported that Brent crude futures fell 1.3 percent to $93.89 a barrel, and West Texas Intermediate crude futures fell 0.9 percent to $88.57 a barrel.

Markets are awaiting industry data on US crude stocks due later today, while a preliminary poll conducted by Reuters yesterday showed that oil stocks likely fell last week, while distillate stocks rose.

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Source: sena

All business articles on 2022-08-16

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