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Crude Prices Fall Amid Stock Market Rout And Fears Of New Recession
Published on Sunday, 21 Aug 21:00 pm
Crude prices saw their third-largest decline this year on 18 August with WTI settling at $82.38/B and ICE Brent slipping to $106.99/B. The oil price drop occurred amid steep declines in the US and European stock markets where worries are mounting over European debt and fear is growing that the global economy could be slipping into another recession.
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