Europe’s benchmark crude contract, Brent North Sea, dropped 3.3 per cent to $99.39 per barrel in mid-afternoon deals, while US counterpart WTI oil also fell 3.3 per cent to stand at $96.12.Prices had already tumbled Tuesday on concern that a slowing global economy will dent demand for petroleum products, with WTI breaching the key $100 level.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: