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Oil prices erase 2022 gains as China's protests spark demand worries
Reuters
Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the world's biggest crude importer, stoked concern over the outlook for fuel demand.
Brent crude dropped by $2.67, or 3.1%, to trade at $80.96 a barrel at 1330 GMT, having dived more than 3% to $80.61 earlier in the session for its lowest since Jan. 4.
U.S. West Texas Intermediate (WTI) crude slid $2.09, or 2.7%, to $74.19 after touching its lowest since Dec. 22 last year at $73.60.
snip
https://www.reuters.com/markets/commodities/oil-drops-more-than-1-chinas-covid-protests-fuel-demand-worries-2022-11-28/
1 replies
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