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Tuesday, April 23, 2024

Oil slides 6% on heightened recession worries and a fresh 20-year high for the US dollar

Oil prices on Friday tumbled to a nine-month low as recession fears swept throughout global risk assets and the US dollar continued this year’s ascent to reach a fresh two-decade high against major currencies. West Texas Intermediate crude fell as much as 6.1% to $78.42 per barrel, the first break …

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