• Oil edged lower as Russia’s plan to curb supply in retaliation for western sanctions was offset by concerns about slowing global growth.
• West Texas Intermediate fell toward $79 a barrel after soaring by more than 8% last week.
• Oil has had a bumpy start to 2023 as investors contend with the continued fallout for the energy market from the war in Ukraine, as well as the potential impact from China’s reopening after COVID Zero curbs were dropped.