New York - (AFP) - Oil prices fell on Tuesday as part of a major sell-off in commodities, amid fears that a slowing global economy will weaken demand for oil products.
The US oil futures index, West Texas Intermediate crude for August delivery, closed below $100 a barrel for the first time in nearly two months, after falling 8.2 percent to $99.50 a barrel.
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US oil futures below $100 a barrel amid recession fears