Oil supply risks of Ukraine war have overshadowed by demand concerns, says Raymond James' Molchanov
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By Peter Nurse
Investing.com -- Oil prices slumped Friday, falling to the lowest levels this year, weighed by heightened recession fears, which would curb global demand, as well as a surging dollar.
By 09:20 ET (13:20 GMT), U.S. crude futures traded 4.6% lower at $79.67 a barrel, while the Brent contract fell 3.8% to $87.01.
The two benchmarks were down 5.1% and 3.7% respectively over the course of this week, heading for their fourth consecutive weekly …