Oil sinks further below $100 as recession risk spooks market
Oil prices fell sharply on Tuesday on a strong dollar, demand-sapping COVID-19 curbs in top crude importer China and fears of a global economic slowdown.
Brent crude futures were down by $7.16 or 6.6%, at $99.9 a barrel. US West Texas Intermediate crude was down $6.97 or 6.69%, at $97.19.
