Brent Crude Falls Below $100 On China Lockdown Fears ...Middle East

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Brent Crude Falls Below $100 On China Lockdown Fears
source : OILPRICE ( Middle East ) () 28
Oil prices have fallen to a two-week low, dipping below $100 on fears of the further demand consequences of a COVID-19 lockdown in China that has sparked bearish sentiments in markets, despite a Russian oil decline and declining U.S. inventories.  Brent was at $99.89–down some 5%--on Monday at 11:50am EST, while WTI was trading at $95.67, down 6%.   Over the weekend, China intensified lockdown efforts, which had earlier centered primarily on Shanghai, but have now spread to the capital Beijing. Investors are now concerned that…

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