WTI oil price drops below $70 on recession fears | Business

📆 3/05/2023 1:30 p. m.
📰 News24

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The US benchmark oil contract, WTI, traded under $70 per barrel Wednesday for the first time since OPEC+ cut output a month ago in a bid to bolster prices. | News24_Business

After going under $70 on recession fears, WTI recovered slightly to $70.12, still a loss of 2.2 percent. The European benchmark, Brent North Sea crude, shed 2.0 percent to $73.84.In times of uncertainty you need journalism you can trust.

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