Home Business Brent drops below 85 dollars a barrel: recession and dollar rise fears weigh

Brent drops below 85 dollars a barrel: recession and dollar rise fears weigh

by admin

Brent fell below $ 85 a barrel on Monday amid recession fears and a rising US dollar. Brent futures fell to around $ 84.53 earlier in the day, before recovering and reaching $ 85.10 at midday London time. West Texas Intermediate futures also fell from lows and stood at around $ 78.

The US dollar rose Monday to a high not seen since 2002, as the pound tumbled to an all-time low against the currency.

See also  Shaanxi Broadcasting and Television Network's profit in the first three quarters both increased, with a net profit of 54.513 million yuan | DVBCN

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy