Days after the EU's $60/barrel price cap kicked in, oil prices slump to pre-Ukraine war levels over economic uncertainty

Days after the EU's $60/barrel price cap kicked in, oil prices slump to pre-Ukraine war levels over economic uncertainty

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Oil prices are under pressure. Getty Images Oil futures slumped Tuesday to levels not seen before Russia invaded Ukraine. Traders are worried about oil demand in the face of economic uncertainties. They reduced their net long positions in Brent oil by about one-third in the week to last Tuesday.…

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