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International oil price slips  Potential Global Recession Brent crude futures slid 94 cents, or 0.9%, to $99.75 a barrel after falling to a session low of $98.50 earlier in the day. Source - India Today Brent crude futures fell for a third session on Thursday, falling below $100 a barrel as fears of a worldwide recession fueled concerns about oil demand. Brent crude futures slid 94 cents, or 0.9%, to $99.75 a barrel after falling to a session low of $98.50 earlier in the day. WTI crude futures fell 79 cents, or 0.8%, to $97.74 a barrel. On Wednesday, both benchmarks closed at their lowest levels since April 11. The falls follow a sharp drop on Tuesday, despite tight global supplies. WTI fell 8%, while Brent fell 9%, resulting in a $10.73 decline, the third most for the contract since it began trading in 1988. "With little new information regarding production or consumption, oil is being decimated," said Stephen Innes, managing partner of SPI Asset Management. Sponsored Links...