U.S. Oil Ends Below 100 USD Per Barrel| MENAFN.COM

Friday, 12 August 2022 08:29 GMT

U.S. Oil Ends Below 100 USD Per Barrel


(MENAFN- Trend News Agency)

Oil prices tumbled with the U.S. crude benchmark dipping below 100 U.S. dollars a barrel, driven by mounting recession fears and strength in the greenback, Trend reports citing Xinhua .

The West Texas Intermediate (WTI) for August delivery lost 8.93 U.S. dollars, or 8.2 percent, to settle at 99.50 dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery shed 10.73 dollars, or nearly 9.5 percent, to close at 102.77 dollars a barrel on the London ICE Futures Exchange.

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