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August 5, 2024

Oil prices down over US recession fears

ISTANBUL: Oil prices extended losses on Monday over demand worries triggered by recession fears in the US, the world’s largest oil consumer.

International benchmark Brent crude traded at $76.46 per barrel at 10.41 a.m. local time (0741 GMT), a fall o…

US stocks open week with major losses amid recession fears

ISTANBUL: Major stock exchanges in the US opened Monday with major losses as recession fears continue in global stock markets.

The Dow Jones plummeted 931 points, or 2.3%, to 38,836 at 10.05 a.m. EDT (1400GMT). The blue-chip index lost 610 points, or…