Oil futures fell sharply Monday, with the U.S. benchmark wiping out what remained of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked worries over demand for crude from one of the world’s biggest energy consumers.
Oil futures declined sharply Monday, with the U.S. benchmark touching the lowest price of the year, on track to erase nearly all of what remains of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked worries over slack crude demand from one of the world’s biggest consumers.
Protests spread over the weekend in Beijing, Shanghai and other major Chinese cities over President Xi Jinping’s strict COVID-19 curbs. The protests follow complaints that policies aimed at eradicating the coronavirus by isolating every case might have worsened the death toll in an apartment fire in Urumqi in the northwestern Xinjiang region.
France Dernières Nouvelles, France Actualités
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