Topline Oil prices continued to plummet on Monday, plunging to their lowest levels since January and continuing weeks of decline as fears of a looming global recession mount, inflation rates remain historically high and the strong performance of the U.S. dollar dampens demand. Crude oil prices hit their lowest levels since January on Monday.Getty Images Key Facts The price of international benchmark Brent crude slipped below $85 a barrel for the first time since January on Monday morning. Brent futures for November slipped more than 1.5% to around $84.51 during early trading, recovering $85.34 at 9.44 a.m. London time. West Texas Intermediate (WTI), the U.S. benchmark, dropped as low as $77.22 a barrel early Monday morning—its lowest level since… Click below to read the full story from Forbes
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