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WTI oil price tumbles five percent on recession fears

The main US oil contract, West Texas Intermediate, tumbled five percent Thursday on growing fears of a global recession, traders said.

Around 1340 GMT, WTI was down 5.2 percent at $91.32 per barrel. European benchmark, Brent North Sea crude, shed 4.4 percent to $95.21.


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Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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