US oil contract WTI falls below $80 on recession fears

By: AFP
Published: 07:00 PM, 23 Sep, 2022
US oil contract WTI falls below $80 on recession fears
Caption: 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.
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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.

AFP

Agence France-Presse is an international news agency.