Oil Updates — Crude down; Exxon halts activity at Texas oilfield; Argentina’s oil workers end strike
RIYADH: Oil prices plunged about 5 percent to an eight-month low on Friday as the US dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.
Brent futures fell $4.31, or 4.8 percent, to settle at $86.15 a barrel, down about 6 percent for the week. US West Texas Intermediate crude fell…