Oil falls as strong dollar and recession fears weigh – Reuters
- Date: 12-Oct-2022
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil falls as strong dollar and recession fears weigh – Reuters
Oct 12 (Reuters) - Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target.
Brent crude futures were down $1.42, or 1.5 %, at $92.87 a barrel by 1315 GMT.
U.S. West Texas Intermediate crude was down $1.54, or 1.7%, at $87.81.
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