WATCH: Amrita Sen, Founder and Director of Research at Energy Aspects, discusses her outlook for energy markets. Oil posted its longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth. West Texas Intermediate settled below $79 a barrel on Friday for the first time since January and declined for a fourth straight week. The Federal Reserve this week gave its clearest signal yet that it’s willing to tolerate a US recession as the trade-off for regaining control of inflation, while the UK, Norway and South Africa also raised rates. “The fears of a hard landing for the US economy and across the global economy are working its way into the system,” said John Kilduff, founding partner at Again Capital. Using interest rates like “a mallet to the global economy” may curtail economic activity and […]