Oil prices have dropped below $100 a barrel for the first time in about three months
Gatekeepers News reports that Brent Crude, the global oil benchmark, dropped 3.28 percent on Wednesday to trade at $99.40 a barrel.
West Texas Intermediate (WTI) crude plunged 4.21 percent to $95.31 a barrel.
Oil and gas prices surged earlier this year after Russia’s invasion of Ukraine prompted the United States and its European allies to sanction Russian energy exports, effectively choking off one of the world’s largest producers.
Goldman Sachs attributed the fall in the price of the commodity to growing recession fears.
