Crude oil price drops by $4 in international market
Crude oil price fell by more than $4 a barrel on demand fears as disappointing Chinese economic data renewed global recession concerns.
According to the British news agency Reuters, the price of British crude oil Brent crude oil has decreased by $4.35 to $93.80 per barrel.
The price of US crude oil West Texas Intermediate fell by $4.23 to $87.86 dollars per barrel.
US crude oil prices fell by 5.2% to $87 per barrel
The price of Brent oil has also decreased by 5% to $93 per barrel.