The quotes of oil contracts at the auction on July 12 fell by about 7% amid the concern of the market to slow down the development of the global economy, European truth reports.
It is reported that Brent fell 7.6% to 99.51 dollars per barrel during morning trading on Tuesday.
West Texas Intermediate (WTI), a reference brand of oil in the United States, fell by 7.9% to 96.48 dollars, after which it deepened the fall to $ 96 per barrel. Such quotes remain on a three -month minimum.
Recent concern about the prospects of the global economy intensified on Tuesday after data testifying to the pessimistic moods of investors in Germany’s economy due to anxiety in the supply of energy resources in the country and inflation.