Oil prices fell for a second day on Monday on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with further price pressure coming from a surging U.S. dollar. Brent crude futures for November settlement slipped by $1, or 1.2%, to $85.15 a barrel at 0943 GMT. The contract fell as low as $84.51, the lowest since Jan. 14. U.S. West Texas Intermediate (WTI) crude for November delivery dropped 87 cents, or 1.1%, to $77.87. WTI dropped as low as $77.21, the lowest since Jan. 6. Both contracts slumped by about 5% on Friday. The dollar index that measures the greenback against a basket of major currencies climbed to a 20-year high on Monday. A stronger dollar tends […]