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Crude oil futures down 9%, recession concerns | Reuters

Crude oil futures fell about 9%, the largest drop since March. The photo was taken in Texas, USA in November 2019 (2022 Reuters / Angus Mordant / File Photo)

[ニューヨーク 5日 ロイター] –Crude oil futures fell about 9%, the largest drop since March. There was growing concern that a global recession and a lockdown in China would lead to a decline in demand.

The liquidation price is $ 102.77 per barrel, which is $ 10.73 (9.5%) lower for Brent futures on the North Sea. US WTI futures are down $ 8.93 (8.2%) to $ 99.50.

Both futures had the highest rate of decline since March 9.

Mizuho’s director of energy futures, Robert Yoger, said recession concerns were the only cause of the plunge.