New York: In view of the fears of the lockdown in China, crude oil prices have once again recorded a big drop in the global market.
According to the British news agency, the price of crude oil in the world market has decreased by 3%, the price of British crude oil Brent crude oil has decreased by 3.52 dollars to 92.12 dollars per barrel.
American crude oil West Texas Intermediate (WTI) The price of I) has reached 86.50 dollars per barrel after a decrease of 3.05 dollars.
The major economies of the world are currently facing recession fears due to which oil prices continue to fall in the global market.
Yesterday, oil prices also recorded a decline in the global market, WTI price closed at 89.55 and Brent crude oil closed at 95.64 dollars per barrel. And the news of a further increase in interest rates by the central banks of Europe is also being declared, due to the new cases of Corona in China.
Corona restrictions were implemented in several areas around Beijing, 40 lakh people in Hebai province. have been instructed not to leave their homes unnecessarily for a week, 1 crore 30 lakh people in Tinajan city have been instructed to undergo corona testing immediately.
