The price of Texas intermediate oil (WTI) fell 2.4% this Friday and closed at $74.29 a barrel, due to fear of a recession after the last steps of the main world central banks, although it closes the week with Profits.
At the close of business in New York, WTI futures contracts for January delivery lost 1.82 dollars with respect to the close of the previous day.
Investors fear a possible recession after major US and European central banks signaled interest rates will continue to rise and stay high next year, stoking fears of a global economic slowdown.
