Thursday, October 6, 2022
HomeBusiness NewsBrent crude falls 5% on recession fears

Brent crude falls 5% on recession fears

- Advertisement -

The value of the principle U.S. crude contract, WTI, was down 4.8%

The value of the principle U.S. crude contract, WTI, was down 4.8%

The value of the Brent crude, the principle worldwide oil contract, fell greater than 5% on August 30 as new Chinese language pandemic lockdowns revived recession issues amongst buyers.

Brent slumped 5.1% to $99.78 per barrel at 1410 GMT, whereas the worth of the principle U.S. crude contract, WTI, was down 4.8% at $92.31 per barrel.

By- The Hindu

ALSO READ :-   Centre tasks file manufacturing of rice
RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -