Crude Slumps on Demand Fears as Monetary Tightening Looms

By Peter Nurse    Investing.com — Oil prices slumped Monday, falling by more than 3% on fears that slowing global economic growth will weigh on crude demand ahead of likely new large interest rate hikes by a number of central banks, including the Federal Reserve. By 08:35 ET (12:35 GMT), futures traded 3.4% lower at $81.88 …

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