ANKARA: Oil prices started the week on the decline due to demand fears fuelled by weak global economic data and the possibility of more interest rate hikes, reported Anadolu.International benchmark Brent crude traded at US$80.44 per barrel at 09.35 am local time (0635 GMT), a 1.25 per cenr decrease from the closing price of US$81.46 a barrel in the previous trading session.Meanwhile, the American benchmark West Texas Intermediate (WTI) traded at US$76.83 per barrel, down 1.34 per cent from the previous session’s close of US$77.87 per barrel.Rising interest rates, concerns over the global economy, and a lower fuel demand outlook were instrumental in the decline in prices.Oil prices came under
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