International oil prices have plummeted 5

Xinhua News Agency, New York, July 5th (Reporter Liu Yannan) The international oil price plummeted due to the increase in the market's concerns about the economic recession.

As of the close of the day, the price of light crude oil futures delivered in August of the New York Commodity Exchange fell 8.93 US dollars and closed at $ 99.50 per barrel, a decline of 8.24%; the price of Brent crude oil futures in London, which was delivered in September, fell at $ 10.73,Closed at $ 102.77 per barrel, a decrease of 9.45%.

The price of Lightweight Crude Oil Futures, which was delivered in August, fell to $ 97.43 per barrel on the same day, with a largest decline of 10.14%; the price of London Brent crude oil futures in September once fell to $ 101.10 per barrel.The maximum decline was 10.93%.

In a report released by Citi Group on the 5th, if the global economy slows down to the level of recession this year, the price of Brent crude oil futures may fall to $ 65 per barrel at the end of this year.

[Editor in charge: Xu Haizhi]

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