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US oil contract WTI falls below $80 on recession fears

EU proposes new Russia sanctions including oil price cap: von der Leye
Source: Pixabay

The main US oil contract tumbled below $80 a barrel on Friday — the lowest point since January — over fears of a global recession and a rising greenback.

Around 1305 GMT, WTI was down 4.19 percent to $79.99 per barrel. The international benchmark, Brent North Sea crude, shed 3.59 percent to $87.21.

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AFP

Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.




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