Oil prices below $80/bbl amid economic concerns, rate hike fears
Investors are assessing the impact of the latest sanctions on Russia, including a price cap and a European Union embargo on seaborne imports of Russian oil, analysts said
New Delhi: International crude oil prices continued to trade below the $80 per barrel level on Wednesday amid concerns of weak economic indicators from China and Europe along with anticipation of hike in interest rates by central banks globally.
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