Oil prices continue to plummet ...News

Recession fears are hitting global demand Oil prices continued to tumble on Friday and are on track to post a 10% loss on the week amid concerns of a global economic slowdown, which could slash demand. Global benchmark Brent crude was trading slightly above $76 per barrel as of 9:50am GMT, while US West Texas Intermediate slid to below $72. Brent closed the previous session at $76.15 a barrel, setting a new low for 2022. Both Brent and WTI hit one-year lows this week, wiping out gains since hitting record highs of $147 a barrel in July. Economists have pointed to growing demand concerns in the oil market, while fe

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Oil prices continue to plummet ...News

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