Oil falls on worries that China lockdowns will curb demand
Brent futures fell 1.9% and West Texas Intermediate $1.07
London — Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer.
Brent crude futures fell $1.09, or 1.9%, to $55.01 a barrel by 10.21am GMT, after a 2c gain on Thursday. US West Texas Intermediate (WTI) crude futures dropped $1.07, or 2%, to $52.06, a day after slipping 18c...