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Business & Economics

Oil plunge deepens on fears global trade war could trigger recession

Reuters
Summary
Nutrition label

77% Informative

Brent crude futures down 3.5% to $ 63.30 a barrel at 0049 GMT on Monday .

U.S. West Texas Intermediate crude futures lost $ 2.20 , or 3.6% , to $ 59.79 .

At the session low, both benchmarks hit their lowest since April 2021 .

Over the past week , Brent lost 10.9% while WTI dropped 10.6% .

VR Score

87

Informative language

94

Neutral language

48

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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