Oil prices slide as China demand, recession concerns outweigh supply woes
Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries.
Brent crude fell 23 cents, or 0.2%, to $97.69 a barrel by 0726 GMT, while U.S. West Texas Intermediate (WTI) crude fell 32 cents, or 0.4%, to $91.47 a barrel.
