Oil prices dipped by 6 percent early on Wednesday, with Brent slumping below $110 a barrel, as the market fears a looming recession would drive down global oil demand. As of 9:10 a.m. EST on Wednesday, WTI Crude was down below the $105 a barrel mark and traded at $102.77, down by 6.24 percent on the day. The international benchmark, Brent Crude, had plunged below the $110 threshold and was at $108.18, down by 5.70 percent. A growing number of analysts and economists now say that the Fed’s attempts to rein in inflation with aggressive interest rate hikes may not produce the policy makers’ goal of a “soft landing” of ... (full story)