Oil prices plunged this week and ended the week at levels last seen before Russia invaded Ukraine as disappointing Chinese trade data fueled investor concerns about the possibility of a recession.
For the first time since February 8, oil prices were below $90 per barrel, Brent oil futures finished down $4.83 to $88.
U.S. West Texas Intermediate crude ended down $4.94, or 5.7%, at $81.94, its lowest price since January
Many central banks across the world plan to keep raising interest rates to combat inflation, but according to experts, the United States seems better prepared to weather the storms.
Which has fueled the dollar reaching a 24-year high against the yen and a 37-year high against the pound.
