Home → News → Non-renewable Energy → Oil Hovers at an Eight-Month Low Due to Recession Fears
On Monday, oil prices settled at their lowest level in eight months as concerns about a potential recession in the United States overshadowed worries about the impact of escalating tensions in the Middle East on oil supplies from the world’s largest producing region. As of 00:35 GMT, Brent crude futures fell by four cents, or 0.1%, to $76.77 per barrel. Meanwhile, West Texas Intermediate (WTI) crude futures dropped by 13 cents, or 0.2%, to $73.39 per barrel.
The agency is interested in studies of energy security, and its political and geopolitical effects, as well as the effects of energy security on stability in the system and international peace.