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[size=35][size=35]Oil prices fell slightly[/size]
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2022-09-29 | 3 o'clock
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Alsumaria News - Economy
Brent crude futures fell 41 cents, or 0.5 percent, to $ 88.91 a barrel by 03:37 GMT, while US crude futures fell 35 cents, or 0.4 percent, to $ 81.80.
Both benchmarks had rebounded in the previous two sessions after reaching their lowest levels in nine months this week after a temporary drop in the dollar index and a larger-than-expected decline in US fuel stocks raised hopes of a recovery in consumer demand.
However, the dollar index headed higher again on Thursday, reducing investors' appetite for risk and stoking fears of a global recession.
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Economie
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2022-09-29 | 3 o'clock
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571 views
Alsumaria News - Economy
Oil prices fell slightly, Thursday, after rising more than three dollars in the previous session, as the dollar rose by blocking demand for oil from buyers who use other currencies and concerns about the faltering economic prospects that caused cloudy market sentiment.
Brent crude futures fell 41 cents, or 0.5 percent, to $ 88.91 a barrel by 03:37 GMT, while US crude futures fell 35 cents, or 0.4 percent, to $ 81.80.
Both benchmarks had rebounded in the previous two sessions after reaching their lowest levels in nine months this week after a temporary drop in the dollar index and a larger-than-expected decline in US fuel stocks raised hopes of a recovery in consumer demand.
However, the dollar index headed higher again on Thursday, reducing investors' appetite for risk and stoking fears of a global recession.
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