Oil drops on fears of slower China demand
Brent crude futures fall as oil slides on new pandemic restrictions in China
22 January 2021 - 08:12
Melbourne — Oil prices fell in early trade on Friday, retreating further from 11-month highs hit last week, on worries new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.
US West Texas Intermediate (WTI) crude futures dropped 47c, or 0.9%, to $52.66 a barrel at 1.48am GMT, after slipping 18c on Thursday...
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