Fears of a global recession are intensifying in the international community - by last night the price of oil had plummeted by 10% because of the risk of reduced demand if it occurs. The brand Brent momentarily fell to $101.14 a barrel, the lowest level since May. According to Citigroup, oil prices could collapse to $65 by the end of the year if a recession if a recession begins, as it would reduce demand and investment in the oil and gas industry. At the end of next year, under such a scenario, the bank's analysts forecast that quotations will reach $45. JP Morgan on Monday considered another situation in which prices could reach $380 - it estimated that this would happen if Russia decides to reduce supplies in response to Western sanctions. As Politico notes, talk of a recession is all over the United States - quiet concerns have been replaced by open discussions, and its probability is recognized both on Wall Street and in Washington. Dana Petersen, a senior economist at the research organization The Conference Board, Dana Petersen, in an interview with the publication, admitted the possibility of it coming in the last quarter of this year.