Oil prices crashing amid recession fears ...News

Major benchmarks are sinking due to renewed concerns over global economic health and falling energy demand Oil prices slumped to their lowest levels in 15 months on Monday, as investors worry that risks in the global banking sector could accelerate a recession that will impact energy demand. Major global benchmarks were down roughly 3% on Monday. Brent crude fell to $70.80, while US West Texas Intermediate (WTI) plunged to $64.68 per barrel as of 11:00 GMT. Investors are concerned that persisting risks in the global banking sector could trigger a recession that will lead to a decline in oil demand. The slide came

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