Tag Archives: recession concerns outweigh supply woes

Oil prices fell on Tuesday as recession concerns and worsening Covid-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries. Brent crude fell 31 cents, or 0.3 per cent, to $97.61 a barrel by 0434 GMT, while US West Texas Intermediate (WTI) crude fell 36 cents, or 0.4pc, to $91.43 a barrel. Both benchmarks hit their highest …

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