Oil falls close to yearly low : The Tribune India

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Oil falls close to yearly low

Oil falls close to yearly low

Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply.



London, December 7

Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Brent crude fell $1.05 to $78.30 a barrel by 1020 GMT. — Reuters

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