Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent economic data will mean more aggressive interest rate increases by central banks, pressuring economic growth and fuel demand.
Brent crude futures settled $2.45, or 3%, lower at $80.60 per barrel. The West Texas Intermediate crude futures (WTI) dropped $2.41, or 3%, to end at $74.05 a barrel.
The settlement levels were the lowest for both benchmarks since Feb. 3.
https://www.cnbc.com/2023/02/22/oil-steadies-as-investors-await-us-fed-reserve-comments.html
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