NEW YORK, Sept. 23 (Xinhua) -- Oil prices fell sharply on Friday, driven by mounting fears that aggressive central bank tightening could induce a recession and hurt demand for energy.
The West Texas Intermediate (WTI) for November delivery decreased 4.75 U.S. dollars, or 5.7 percent, to settle at 78.74 dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery lost 4.31 dollars, or 4.8 percent, to settle at 86.15 dollars a barrel on the London ICE Futures Exchange.
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