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Oil prices extend decline on recession fears, China Covid curbs

Por: CNBC Business October 12, 2022

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Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia.Andrey Rudakov Bloomberg Getty ImagesOil 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. futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. was at $88.66 a barrel, down 69 cents, or 0.8%.... + full article



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