Global Crude Oil Prices Slip 3% with Recession Fears in Focus; Brent Falls by $2.81
Oil prices fell on Friday as demand fears were stoked by rising interest rates and a stronger dollar, though losses were capped by Moscow's mobilisation campaign in its war with Ukraine and apparent deadlock in talks on reviving the Iran nuclear deal.
Oil prices plunge 4% with recession fears in focus
Oil prices dumped on Friday to trade at levels not seen since January as the dollar index hit its strongest level in two decades and on demand fears as rising interest rates risked tipping major economics into recession.
Oil prices edge down, recession fears back in focus
Oil prices fell today amid recession fears and a stronger US dollar, though losses were capped by supply concerns after Moscow's new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal.
Oil prices rise as Iran deal stalls, Russian supply amid conflict
Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow's new mobilization campaign in its invasion of Ukraine would further restrict global supplies. Brent crude futures gained 16 cents, or 0.2 per cent, to $90.62 per barrel by 0020 GMT, while U.S.