Oil slipped at the start of the week as investors monitored developments from the gathering of Group of Seven leaders, while fears of a demand-sapping recession continue to hang over the market. West Texas Intermediate fell below $107 a barrel in early trading Monday. The benchmark rose 3.2% on Friday but still posted its first back-to-back weekly loss since April. The G-7 will commit to providing indefinite support to Ukraine for its defense, and is weighing a price cap on Russian oil. Oil is set for its first monthly decline since November on escalating fears about a global slowdown as central banks raise interest ... (full story)