Oil prices slumps on recession worries

경기침체 우려에 국제유가 추락

Oil prices dipped about 6 percent to a four-week low, driven by fears of rate hikes by major central banks slowing down the global economy and cutting energy demand.
The Fed announced the most dramatic rate hike in more than a quarter-century.
Other contributing factors include the U.S. dollar rising to the highest level since 2002.
Brent futures fell 6 dollars 69 cents, or 5-point-6 percent, to settle at over 113 dollars a barrel.
U.S. West Texas Intermediate crude dropped slightly over 8 dollars, or 6-point-8 percent, to settle at around 109 dollars.
Both posted their first weekly decline in over a month.
Meanwhile, Tass reports Russia’s oil exports are projected to increase this year despite Western sanctions and a European embargo.

#Oil #Energy #Economy

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2022-06-18, 12:00 (KST)