Oil Updates — Crude slips; Russia bans oil exporters from adhering to Western price caps 

RIYADH: Oil prices extended losses on Tuesday as the threat of further interest rate increases and continued Russian crude flows canceled out demand recovery expectations from China. 

March Brent crude futures fell 5 cents or .06 percent to $84.85 per barrel by 08.15 a.m. Saudi time, while the more heavily traded April contracts fell by 32 cents or 0.38 percent to $84.18 a barrel. 

US West Texas Intermediate crude futures slipped 33 cents, or 0.44 percent, to $77.57 a barrel. 

Russia bans oil exporters from adhering to Western price caps