By Laura Sanicola

(Reuters) – Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest settlement levels this year as economic uncertainty and the prospect of higher interest rates weighed on prices.

Brent crude futures were up 17 cents, or 0.2%, by 0107 GMT to $79.52 a barrel. In the last session, the benchmark fell below $80 for the second time in 2022.

US crude futures were down 3 cents at $74.22 a barrel.

Tuesday’s plunge marked the biggest daily drop in Brent prices since late…