A barrel (159 liters) of North Sea Brent cost 100.05 US dollars in early trading, 0.48 cents more than on Wednesday. The price of a barrel of the US West Texas Intermediate (WTI) variety rose by 28 cents to $96.58. This means that the two types of oil cost significantly less than in mid-June, i.e. a barrel of Brent oil cost around 125 dollars.
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On Tuesday alone, oil prices had fallen by up to eight percent. The decisive factor was the fear of an economic downturn as a result of an impending energy crisis in Europe.
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SINGAPORE (dpa-AFX)
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