Oil prices are back in the red

Oil prices returned to the downside in Monday afternoon trading in light of fears of an economic recession that will affect global oil demand.

By 14:44 Moscow time, futures for West Texas Intermediate crude oil fell 1.21% to $87.93 per barrel.

Meanwhile, according to the Bloomberg website, futures for Brent crude fell 1.04% to $93.93 a barrel.

The two crudes were up more than 1% in morning trading as US oil approached $90 a barrel.

Source: RT + Bloomberg

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