Brent crude slides below $85 a barrel as dollar surges

Brent crude fell beneath $85 a tube Monday, arsenic recession fears weighed and the U.S. dollar surged.

Brent futures for November colony were trading down implicit 1% astir $84.92 astatine 8 a.m. London time. West Texas Intermediate futures besides fell to commercialized astir $77.93.

On Friday, some Brent and WTI fell astir 5% to deed their lowest level since January.

The autumn comes arsenic cardinal banks astir the satellite — including the U.S. and the U.K. — proceed to hike involvement rates successful an effort to tackle inflation.