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Oil closes down 5.50% below $100 for Brent

2022-08-30T19:36:04.226Z


Concerns of recession and further lockdowns in China increase fear over demand for black gold. Oil prices fell more than 5% on Tuesday amid concerns of recession and new lockdowns in China that raise fears for demand for black gold. Read alsoUSA: Marked drop in oil stocks, but demand for gasoline falls A barrel of Brent North Sea oil for October delivery fell 5.50% to $99.31, slipping below $100 a barrel. That of West Texas Intermediate (WTI) US for delivery in October fell 5.53% to 91.64


Oil prices fell more than 5% on Tuesday amid concerns of recession and new lockdowns in China that raise fears for demand for black gold.

Read alsoUSA: Marked drop in oil stocks, but demand for gasoline falls

A barrel of Brent North Sea oil for October delivery fell 5.50% to $99.31, slipping below $100 a barrel.

That of West Texas Intermediate (WTI) US for delivery in October fell 5.53% to 91.64 dollars.

SEE ALSO

- War in Ukraine: "The specter of a recession hangs in the face of Europeans", specifies Alexis Feertchak

Source: lefigaro

All business articles on 2022-08-30

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