strong dollar rate

Oil plunges to 8-month low on strong dollar, recession fears

Oil prices plunged about 5 per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

September 25, 2022
September 25, 2022

Oil plunges to 8-month low on strong dollar, recession fears

Oil prices plunged about 5 per cent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

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