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The Algerian presidency says that the Saudi Crown Prince will be absent from the Arab summit for health reasons Macron at the opening of a peace summit in Rome: "Peace is possible" in Ukraine when it is "decided" by the Ukrainians Two former police officers are heading to trial for the third time on charges of aiding in the killing of George Floyd. Simultaneous conferences held by the ruling party in Alberta and the New Democratic Party political conferences to intensify unofficial election campaigns Protests against the Iranian government are gaining momentum across Canada A study in the poetry collection "The Barber Loyal to His Dead Clients" by the journalist poet Hussam Ma'arouf Toronto police investigate two early morning shootings Toronto airport reopens after suspicious package found at ferry terminal

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Oil prices fall to the lowest level since February amid weak demand forecasts

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Oil prices fall to the lowest level since February amid weak demand forecasts

By Omayma othmani

Published: August 16, 2022

Oil prices fell today, Tuesday, to their lowest level since last February, after disappointing economic data from China, the largest crude purchaser, raised fears of a global recession. Futures contracts recovered their earlier losses during the session, but then fell again, with Brent dropping to $92.07 per barrel, losing about $3, while the US West Texas Intermediate crude futures fell by about $3.19 to reach $86.81.

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