Oil prices fall amid recession fears

NEW YORK, March 9 (Xinhua) -- Oil prices declined on Thursday, notching a three-day losing streak, as traders focused on recession risks.

The West Texas Intermediate for April delivery dropped 94 cents, or 1.23 percent, to settle at 75.72 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for May delivery lost 1.07 dollars, or 1.29 percent, to close at 81.59 dollars a barrel on the London ICE