Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. futures were at $66.56 per barrel at 0410 GMT, down 47 cents, or 0.7 percent, from their last close.U.S. West Texas Intermediate (WTI) futures were at $58.52 per barrel, down 52 cents, or 0.9 percent, from their previous settlement.Both Oil price benchmarks have slumped by more than 3 percent since last week hitting their highest since November 2018.
C/W @ 9720395000
www.commoditybazaar.co