Melbourne-Sana
Oil prices fell today for a second day amid fears of a drop in fuel demand, due to a possible global recession caused by high interest rates, as well as more price pressures due to the dollar's rise.
Reuters reported that Brent crude futures for November settlement fell by a dollar, or 1.2 percent, to $85.15 a barrel, and the contract fell to $84.51, the lowest level since January 14.
And US West Texas Intermediate crude futures for November settlement fell 87 cents, or 1.1 percent, to $ 77.87 a barrel, and the contract fell to $ 77.21, the lowest level since January 6.
The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to its highest level in 20 years today.
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