US oil futures end below $100 on recession fears

West Texas Intermediate for August delivery under 3 figures for first time in 2 months

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1 MIN READ
Oil
Oil
AFP

New York: Oil prices tumbled Tuesday as part of a selloff in commodities amid worries that a slowing global economy will dent demand for petroleum products.

The US oil futures benchmark, West Texas Intermediate for delivery in August, finished below $100 a barrel for the first time in around two months, falling 8.2 per cent to $99.50 a barrel.

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