Oil prices slump on recession fears ...News

Russia Today - Economy
Oil prices slump on recession fears
source : Russia Today ( News ) () 21
Brent benchmark has fallen to its lowest since January 14 Oil prices were on a downslide on Monday, falling to their lowest level since the start of the year, trading data shows. The European benchmark, Brent crude oil futures for November, dropped in price by 2.4% to $84.55 a barrel on the London Intercontinental Exchange. Brent slid below $85 per barrel for the first time since January 14. The US benchmark, West Texas Intermediate crude fell by 2.6% to $77.24 per barrel, its lowest since January 6. Analysts who spoke to news outlet RBK said the current decline in oil prices is occurring against the backdrop of a

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