On Friday, September 23, after a waiver of interest rate hikes from several central banks around the world, the price of oil gave way in support of fears of a re global sale.

In November, the barrel of Brent from the North Sea fell by 1.56%, to 89.05 dollars around 09:30 GMT (11:30 CET). In the same month, the American West Texas Intermediate (WTI) barrel lost 1.81% to 81.98 dollars for delivery.

In an effort to curb inflation, the U.S. Federal Reserve (Fed), among other things, carried out a strong rotation of 0.75 percentage points, the third increase of Rate of this magnitude in a row on Wednesday 21st. So, with the exception of Japan or Turkey, the Fed was paving the way for a week of rate hikes at many central banks around the world.

According to analyst Han Tan at Exinity, this surge of increases is above all a sign that “the risks of a global recession could well intensify.” It thus focuses on the downward trend in crude oil by dropping demand.