Thursday, August 7, 2025
Oil drops as economic worries, strong dollar weigh- oil and gas 360

Oil drops as economic worries, strong dollar weigh

Reuters LONDON: Oil prices fell in volatile trade on Tuesday as the market balanced impending European Union sanctions on Russian oil with demand concerns related to coronavirus lockdowns in China, a strong dollar and growing recession risks. Brent crude was down 88 cents, or 0.8%, at $105.06 a barrel at 0924 GMT, while US West Texas Intermediate crude fell 75