Oil prices dropped significantly on Tuesday amid a rising dollar, COVID-19 restrictions in China (the world's largest oil importer), and concerns about a slowdown in the global economy. The price of benchmark Brent crude fell by $4.78, or 4.5%, to $102.32 per barrel by 11:12 GMT. Meanwhile, West Texas Intermediate crude declined by $4.91, or 4.7%, to $99.18 per barrel after falling to $98.40 per barrel during the session.
Oil Prices Drop Significantly!
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