(MENAFN- AzerNews)
By Trend
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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