Quantum Commodity Intelligence – Crude oil futures were sharply lower on Tuesday, hitting fresh 11-month lows as sentiment turned bearish as economic concerns outweighed uncertainty about Russian exports.

Front month February ICE Brent futures traded at $79.18/b (1805 GMT) compared to the daily range of $79.10-$83.69/b and Monday’s settlement of $82.68/b b.

Brent was down about 10% from Monday’s high of $88.44/b.

At the same time, NYMEX WTI was trading at $73.78/b on Jan 23…

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