Oil fell less than 1% … and Brent is under $ 83 a barrel

Oil prices fell Wednesday after a mixed finish in the previous session amid concerns that rising coal and natural gas prices in China, India and Europe could increase inflation and slow global growth by limiting the demand for oil.

Also the increase in the price of the dollar, which touched the highest level in one year, it affected prices, which makes oil more expensive for holders of other currencies.

U.S. West Texas crude oil futures fell 71 cents, or 0.9%, to $ 79.93 a barrel, while Brent crude contracts fell 70 cents, or 0.8%, at $ 82.72 a barrel, extending losses to 23 cents on Tuesday.

On Tuesday, the International Monetary Fund cut its growth forecast for the U.S. and other major economies on concerns that disruptions in supply and supply chains, as well as cost pressures, will disrupt the global economic recovery from the pandemic. Corona virus.

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