Oil stabilises after big drop on IMF growth cut

  HONG KONG, China (AFP) — Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022. The IMF lowered its outlook to 3.6 percent — a 0.8 percentage point slash from its previous estimate released in January — prompting a five-percent dive in oil prices on Tuesday. The Fund pointed to surging energy prices, rising […]