Oil prices decline with recession fears triggered by weak US economic data

– American private sector added 145,000 jobs in March, coming in much lower than expectations of an increase of 200,000 Oil prices decreased on Thursday after weak economic data in the US sparked recession fears. International benchmark Brent crude traded at $84.61 per barrel at 10.08 a.m. local time (0708 GMT), a 0.45% drop from the closing price of $84.99 a barrel in the previous trading session. At the same time, American benchmark West Texas Intermediate (WTI) traded at $80.22 per barrel, a 0.48% fall after the previous session closed at $80.61 a barrel. Disappointing private jobs figures in the…