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 $79.92/b (1720 GMT) compared to the day’s trading range of $79.90-$83.69/b and Monday’s settlement of 82.68 $/b.

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

At the same time, NYMEX WTI was trading at $74.47/b on Jan 23…

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