- Home
- China
- World
- Asia-Pacific
- Americas
- Europe
- Middle-East and Africa
- Politics
- Business
- Opinions
- Tech & Sci
- Culture
- Sports
- Travel
- Nature
- Picture
- Video
- Live
- TV
- Radio
- Specials
- Learn Chinese
World
15:17, 22-Jun-2022
WTI crude plunges 5% on recession fears
Share
Copied
Oil prices plunged more than 5 percent Wednesday as traders grow increasingly worried that demand for the commodity will take a hit from a possible recession caused by a sharp hike in interest rates aimed at reining in inflation.
West Texas Intermediate lost 5.09 percent to $103.92 a barrel, while Brent was off 4.70 percent at $109.26.
Source(s): AFP
