Brent slips below $80/b threshold


Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China's rising COVID cases.

Brent futures fell $2.39 to $79.71 a barrel, a 2.9% loss, by 1309 GMT. U.S. crude dropped $2.20, or 2.9%,...