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London: (Web Desk) In view of the possibility of a recession in the global economy, the price of crude oil fell by 4%.
According to the foreign news agency, oil prices fell due to the growing number of corona cases in China and fears of a global economic slowdown.
On Wednesday, the price of British Brent crude fell $3.53 a barrel to $78.57 a barrel.
Additionally, the price of US West Texas Intermediate crude fell $3.37 to $73.56 a barrel.
It is worth noting that the head of the International Monetary Fund (IMF) has warned that the world economy will face difficulties in 2023 due to a slowdown in economic activity in economies considered important for global growth this year, ie. America, Europe and China. There is a possibility