Published by
Reuters UK
Reuters UK
By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies. Brent crude dropped 28 cents, or 0.3%, to $112.11 a barrel by 0153 GMT. U.S. West Texas Intermediate crude was at $109.36 a barrel, down 41 cents, or 0.4%. “The broader risk-off sentiment sparked by the recession fears, and China’s lockdowns are the major factors that pressure the oil price,” CMC Markets analyst Tina Teng sa…