Oil prices slip on global recession fears


Brent crude futures fell 40 cents, or 0.5% to settle at US$73.63 a barrel. US West Texas Intermediate crude futures (WTI) fell 56 cents, or 0.8%, to close at US$69.36 a barrel.

NEW YORK: Oil prices fell on Friday on worries that US tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on Opec members Venezuela and Iran.

Brent crude futures fell 40 cents, or 0.5% to settle at US$73.63 a barrel. US West Texas Intermediate crude futures (WTI) fell 56 cents, or 0.8%, to close at US$69.36 a barrel.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

KUSKOP policy framework addresses MSME structural, operational challenges - MEF
Samsung likely to flag 160% jump in Q4 profit as AI boom stokes chip prices
Asian stocks extend record rally while oil, dollar drift
Ringgit rises against US$ as safe-haven demand eases
Traders take profit from blue chips
Trading ideas: CIMB, Sunway, Glomac, Apex Healthcare, Ingenieur, Infoline, MMAG, MSB, Pan Malaysia, Zetrix, Saliran, GHS
US oil companies shares advance as Trump signals potential access to Venezuela's reserves
Stocks, energy shares, oil jump after US strikes Venezuela
Engineering milestone marks progress at the future Westmead station
US oil refiners win, Chinese rivals lose in Trump’s Venezuela strike

Others Also Read