Economy
Oil Updates — Crude falls again; Russia eyeing new markets in Middle East and Africa
Follow-ups -eshrag News:
Thu, 2022-06-23 11:37
RIYADH: Oil prices continued to pull back on Thursday, dropping more than 2 percent as investors recalibrated assessments of recession risks and fuel demand amid interest rate hikes in major economies.
US West Texas Intermediate crude futures had skidded $2.6, or 2.7 percent, to $103.46 a barrel by 0330 GMT.
Brent crude futures slid $2.5, or 2.3 percent, to $109.22 a barrel.
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