Singapore, October 12 (QNA) – Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China.
Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel.
U.S. West Texas Intermediate crude was at $88.66 a barrel, down 69 cents, or 0.8%.
Both benchmarks fell 2% in the previous session.
U.S. dollar rose to a 24-year high against the yen Today, due to inflation concerns.
A stronger dollar makes dollar-denominated commodities more expensive for holders of other currencies and tends to weigh on oil and other risk assets. (QNA)
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