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Oil prices fall amid fears of global recession

2022-09-23T18:04:14.022Z

London, SANA- Oil prices fell today in an unprecedented way since last January, under pressure from fears of a recession



London-Sana

Oil prices fell today in an unprecedented way since last January, under pressure from fears of a global recession.

Reuters reported that Brent crude futures fell to $2.65, or 2.93 percent, to $87.81 a barrel, and US West Texas Intermediate crude futures fell $2.83, or 3.39 percent, to $80.66 a barrel.

The futures contracts for Brent crude and US crude fell 3.78 percent and 5.37 percent, respectively, during the past week.

Global stocks hit a two-year low today, while the dollar index hit a two-decade high, putting pressure on oil.

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Source: sena

All business articles on 2022-09-23

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