Oil prices fell again today on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with further price pressure coming from a surging US dollar.
0 Articles
0 Articles
All
Left
Center
Right
RTÉ
Oil prices fall again on recession fears
Oil prices fell again today on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with further price pressure coming from a surging US dollar.
LONDON—Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar.
Brent crude futures for November settlement slipped by 82 cents, or 1 percent, to $85.33 a barrel at 1110 GMT. The contract fell as low as $84.51, the lowest since Jan. 14.
U.S. West Texas Intermediate (WTI) crude for No…
Oil prices hit nine-month low on recession fears – One America News Network
By Noah BrowningLONDON (Reuters) -Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. Brent crude futures for November settlement slipped by 82 cents, or 1%, to $85.33 a barrel at 1110 GMT. The contract fell as low as $84.51, the lowest since Jan. 14.U.S. West Texas Intermediate…
Oil prices hit nine-month low on recession fears, US dollar surge
Brent crude futures for November settlement slipped by 82 cents, or 1%, to $85.33 a barrel at 1110 GMT. The contract fell as low as $84.51, the lowest since Jan 14