Washington [US], July 6 (ANI): World oil prices plummeted on Wednesday (local time) and dropped below USD 100 a barrel for the first time since early May.
The price of West Texas Intermediate (WTI) crude tumbled as much as 10 per cent Tuesday, to hit a low of USD 97.43 before closing at USD 99.50, down 8 per cent on the day, reported CNN.
The slump reflects investors' growing concerns about a US recession that could crimp
