Oil prices edge down, recession fears back in focus.
Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow’s new mobilisation campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal.
Brent crude futures fell 46 cents, or 0.5%, to $90.00 per barrel at 0630 GMT, while U.S. West Texas Intermediate (WTI) crude futures were also down 46 cents, or 0.55%, to $83.03.
