Oil futures prices continue to fallas West Texas Intermediate (WTI) fell below $100 per barrel for the first time since May 11.
Recession fears seem to indicate that demand for fossil fuels may decline furtherwhile the European Union pressed for an agreement on the Joint Comprehensive Plan of Action (JCPOA) soon.
West Texas Intermediate (WTI) for August settlement was down 10% at 11:40 a.m. ET to trade at $99.62 a barrel.
A minute later Brent for September fell 9.38% to $102.92 a barrel.
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