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[size=35][size=35]Due to recession fears, oil prices record a significant decline[/size]
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2022-09-07 | 01:54
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Alsumaria News - Economy
Brent crude futures fell $1.12, or 1.2 percent, to $91.71 a barrel by 0113 GMT, after falling 3 percent in the previous session.
US West Texas Intermediate crude futures fell $1.25, or 1.4 percent, to $85.63 a barrel.
Oil's strong gains were pared on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and allies led by[You must be registered and logged in to see this link.]The group, known as OPEC +, cut its production target in October by 100,000 barrels per day.
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Economie
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2022-09-07 | 01:54
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1,168 views
Alsumaria News - Economy
Oil prices fell today, Wednesday, after Corona restrictions in China and expectations of further interest rate hikes renewed fears of a global economic recession and reduced fuel demand growth.
Brent crude futures fell $1.12, or 1.2 percent, to $91.71 a barrel by 0113 GMT, after falling 3 percent in the previous session.
US West Texas Intermediate crude futures fell $1.25, or 1.4 percent, to $85.63 a barrel.
Oil's strong gains were pared on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and allies led by[You must be registered and logged in to see this link.]The group, known as OPEC +, cut its production target in October by 100,000 barrels per day.
[You must be registered and logged in to see this link.]
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