Oil dropped again, with Brent sliding below $85 a barrel at one point, as the dollar’s surge and mounting recessionary concerns threatened global demand. The global oil benchmark hit the lowest intraday level since January as a Bloomberg gauge of the US currency rallied to an all-time high. Most other commodity markets from copper to wheat were also lower as risk assets began the week softly. Crude fell almost 6% last week for a fourth straight weekly drop, the longest losing run this year. Crude is on track for a substantial quarterly slump as leading central banks including the Federal Reserve raise interest rates aggressively to fight inflation, hurting the outlook for energy demand and sapping investors’ appetite for risk. The Fed’s tightening has helped to drive the US dollar to a record, making commodities priced […]