Oil prices decreased Friday from fears of a global economic slowdown affecting fuel demand.
International benchmark Brent crude traded at $95.88 per barrel at 09.44 a.m. local time (0644 GMT) for a 0.74% decrease from the closing price of $96.59 a barrel in the previous trading session.
American benchmark West Texas Intermediate (WTI) was at $89.75 per barrel at the same time for a 0.83% loss after the previous session closed at $90.50 a barrel.
Global recession concerns and negative economic data in the last few months support concerns of an oil demand fall, further suppressing prices.
Experts believe current recession concerns and a possible increase in oil production by OPEC+ could limit price increases.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, known as OPEC+, will meet on Sept. 5 to discuss output plans for September onwards.
OPEC+ agreed to increase production by 100,000 barrels per day (bpd) during their August meeting at the beginning of the month.
By Zeynep Beyza Kilic
Anadolu Agency
energy@aa.com.tr