International Oil Prices Plummet Due To Recession Worries

International oil prices plummeted by almost $10 a barrel on Tuesday as investors grew more conscious about the looming global recession.

Global benchmark Brent crude was down 8.85 percent, at $103.5 a barrel by 4:14 pm GMT. U.S. West Texas Intermediate (WTI) crude fell 8.7 percent, to $99.66 a barrel from Friday’s close, dropping below $100 a barrel for the first time since May 11.

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