NEW YORK — Oil prices plunged more than 3% on Friday as global recession fears and weak oil demand, particularly in China, outweighed support from a big OPEC+ supply target cut.
Brent crude oil Futures fell $2.94, or 3.1%, while settling at $91.63 a barrel US West Texas Intermediate (WTI) crude oil futures fell $3.50, or 3.9%, to $85.61.
The Brent and WTI contracts both fluctuated between positive and negative territory for much of Friday, but fell 6.4% and 7.6% over the week,…
