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Institutional Analysis: Due to demand concerns, WTI crude oil has fallen below $85 for the first time since JanuaryJin10 Data, September 7th: Oil prices have dropped to their lowest level since January, pressured by a soaring US dollar and global demand worries, despite ongoing threats of supply disruptions from Russia. WTI crude oil fell below $85, while Brent crude dropped below $90. As central banks around the world raise interest rates to curb inflation, investors are worried that the economy may slip into recession. Meanwhile, pandemic restrictions are also dampening demand. Oil prices have retraced gains driven earlier by OPEC and its allies' decision to cut production on Monday. Saudi Arabia lowered its crude oil prices for Asian and European customers next month, reflecting the softening oil market.