(MENAFN- Trend News Agency)
Oil prices fell on Thursday, weighed by rising fears about a
recession, Trend reports citing Xinhua .
The West Texas Intermediate for August delivery lost 1.92 U.S.
dollars, or 1.8 percent, to settle at 104.27 dollars a barrel on
the New York Mercantile Exchange. Brent crude for August delivery
decreased 1.69 dollars, or 1.5 percent, to close at 110.05 dollars
a barrel on the London ICE Futures Exchange.
Investors grew fearful that the tightening monetary policy
measures implemented by central banks might slow the economy
significantly, which could hurt energy demand.
MENAFN24062022000187011040ID1104424670
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.