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

Oil Slips on Fears Recession May Hit Demand

Oil Recession Europe China Inflation Ukraine
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo

Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Brent crude was down $1.92, or 1.8%, to $105.59 a barrel at 1202 GMT. WTI crude fell $1.79, or 1.7%, to $103.92 a barrel.

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