HONG KONG, June 22, 2022 (AFP) Oil prices plunged more than five percent Wednesday as traders grow increasingly worried that demand for the commodity will take a hit from a possible recession caused by a sharp hike in interest rates aimed at reining in inflation. West Texas Intermediate lost 5.6 percent to $103.31 a barrel, while Brent was off 5.2 percent at $108.62. Crude has soared in recent months to multi-year highs on concerns that […]





