Crude oil prices fell sharply on Tuesday despite robust, strong US economic data, improved employment numbers and a positive Purchasing Managers’ Index (PMI).

Corresponding Oilprice.comBrent crude fell about 3.5% to $79.76 a barrel, while US WTI fell 3.30% to $74.39 a barrel amid concerns that the Federal Reserve will continue its aggressive stance on tightening policy policy could continue.

Oil market unfazed by oil price cap

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