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oil prices: Oil prices fall 2% as markets mull OPEC+ cuts' efficacy, macroeconomic slowdowns - Vimarsana News

oil prices: Oil prices fall 2% as markets mull OPEC+ cuts' efficacy, macroeconomic slowdowns

US benchmark West Texas Intermediate slipped as much as 4% to break below $70 a barrel and reach the lowest intraday price since June 29. Global benchmark Brent retreated as much as 3.5%, slipping below $75. WTI futures have now dropped by more than a quarter from this years peak in late September.