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Oil prices down 3% with recession fears in focus

The Edge Markets LogoThe Edge Markets4 mo ago

Oil prices down 3% with recession fears in focus - The Edge Markets

Quick Summary:

US West Texas Intermediate (WTI) crude futures were also down, retreating by US$2.93, or 3.51%, to US$80.56.

Brent crude futures fell US$2.81, or 3.11%, to US$87.65 a barrel by 1051 GMT.

In Britain, meanwhile, the pound fell to a 37-year low and government bonds crashed after the new finance minister announced historic tax cuts and huge increases to borrowing.


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Article Details

Category: InvestingFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 12:04:36 (4 months ago)

News Timezone: GMT +8:00

Ranking: #2322 (out of 2692 stories this day)

News Source URL: theedgemarkets.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 494223

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 12 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 11 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

Publisher Details

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The story "Oil prices down 3% with recession fears in focus" has 380 words across 1 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Oil prices down 3% with recession fears in focus" was covered 4 months ago by The Edge Markets, a news publisher based in Malaysia.

How trustworthy is 'The Edge Markets' news outlet?

The Edge Markets is a fully independent (privately-owned) news outlet established in 1994 that covers mostly investing and finance news.

The outlet is headquartered in Malaysia and publishes an average of 12 news stories per day.

It's most recent story was published 11 hours ago.

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  • News ID: #494223
  • URL: https://beamstart.com/news/oil-prices-down-3-with-16639404857965

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