Baku – APA-Economics. Oil prices fell below $85 a barrel Friday amid a wide selloff in commodity and equities markets, as worries grow that China may soon raise interest rates in an effort to slow growth in the energy-hungry country, Wall Street Journal reported.
Light, sweet crude for December delivery was recently down $3.12, or 3.5%, at $84.69 a barrel on the NYMEX, the lowest level since Nov. 3. Brent crude on the ICE futures exchange fell $2.97, or 3.4%, at $85.84 a barre
Brent crude on the ICE futures exchange gave up $2.68, or 3%, to $86.13 a barrel recently.
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