Low oil prices below $100.

Oil prices fell to $100 per barrel on Wednesday as US inventories of crude oil and processed products increased in response to the global economic slowdown.
Brent crude oil has decreased 0.7 percent to $98.81 per barrel.
US west Texas intermediate crude has decreased by 0.8 percent to $95.12 a barrel.

Due to concerns over interest rate increases driving up the economy’s demand for oil, investors have dumped their holdings.

Prices have decreased by 7%.

The US crude stock has increased to 4.8 million barrels, and gasoline stockpiles have increased to 3 million barrels, according to market sources citing the American Petroleum Institute on Tuesday.

The dollar index reached 108.56 on Tuesday, its highest level since 2002. The dollar is seen by investors as a safe haven.