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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Prices Edge Down, Recession Fears Back in Focus

United States Oil Recession Iran Moscow Texas Ukraine
Pump jacks operate at sunset in Midland, Texas, US, February 11, 2019. REUTERS/Nick Oxford/File Photo

Oil prices fell on Friday amid recession fears and a stronger US dollar, though losses were capped by supply concerns after Moscow's new mobilization campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal.

Brent crude futures fell 41 cents, or 0.5%, to $90.05 per barrel at 0325 GMT, while US West Texas Intermediate (WTI) crude futures were down 30 cents, or 0.4%, to $83.19, Reuters reported.

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