Brent drops below $100/b threshold as depression fears rise

15.08.2022

Oil prices fell on Friday, depressed by recession fears clouding the demand outlook, but remained on track for a weekly gain.

Brent crude futures were down $2.16, or 2.2%, at $97.44 a barrel by 1340 GMT while U.S. West Texas Intermediate (WTI) crude fell $2.48, or 2.6%, to $91.86.

Brent was on...