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