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ICE Brent crude futures fall below $100/b as recession fears weigh

July 7, 2022 Comments Off

Crude oil futures extended declines for a third day in mid-morning Asian trade July 7, with the ICE Brent marker falling below $100/b as recession fears continued to weigh on oil prices. At 10:11 am Singapore time (0211 GMT), the ICE September Brent futures contract was down $1.22/b (1.21%) from the previous close at $99.47/b, while the NYMEX August light…