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London: (Web Desk) Crude oil prices fell by 4% due to the possibility of a global economic slowdown.
According to the report of a foreign news agency, the price of oil fell due to the increase in the number of people infected with the corona virus in China and the fear of the decline of the world economy.
On Wednesday, the price of British crude oil decreased by 3.53 dollars and reached 78.57 dollars.
In addition, the price of US crude oil West Texas Intermediate decreased by 3.37 dollars and reached 73.56 dollars per barrel.
It is worth noting that the head of the International Monetary Fund (IMF) warned that the world economy will face problems in 2023, because the economic activities in the economies that are considered important for global development this year, that is, America, Europe and China will decrease. There is a possibility