The price of Texas intermediate oil (WTI) opened this Tuesday with a drop of 1.22%, to 90.02 dollars a barrel, continuing yesterday's downward trend, due to new warnings of a possible recession.At 9:00 a.m. local time in New York (13:00 GMT), WTI futures contracts for delivery in November lost $1.11 from the previous close and left the dollar at the $90 barrier.The director of the International Monetary Fund (IMF), Kristalina Georgieva, warned yesterday that the risk of a global recession has risen and that the world has entered a time of "fragility and volatility.""We have calculated that about a third of the world economy would have at least two consecutive quarters of negative growth this year or next year," she noted.Some statements in line with those of the executive director of the JPMorgan Chase bank, Jamie Dimon, who yesterday considered it likely that the United States will fall into a recession by the middle of next year, within 6 to 9 months, although he specified that it was difficult to predict how deep that economic slowdown may be.Likewise, fears remain in the air that the US Federal Reserve's (Fed) policy of raising interest rates to reduce inflation will contribute to a recession.Also yesterday, the president of the Chicago Fed, Charles Evans, insisted that the US central bank will continue with its policy to stabilize prices, even if this results in damage to the labor market.The possibility of a recession translates for investors into the fear that oil consumption will be reduced, whose price shot up 16% last week, due to the decision of the OPEC+ alliance, led by Saudi Arabia and Russia, to reduce its output by 2 million barrels per day (mbd) as of November, which represents the largest cut in oil supply since May 2020The most readFollow us on our networks