Oil slides 4.5% on fears of global economic slowdown 

Follow-ups -eshrag News:

Tue, 2022-07-12 14:43

RIYADH: Oil prices fell on Tuesday on expectations of weakening demand due to fresh COVID-19 curbs in top world crude importer China and fears of a global economic slowdown.

Brent crude futures were down by $4.78, or 4.5 percent, at $102.32 a barrel by 1112 GMT, having earlier sunk as low as $101.48. US West Texas Intermediate crude was down $4.91, or 4.7 percent, at $99.18 after hitting a session low of $98.40.

Main category: 
Business & Economy

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