Singapore, November 28 (QNA) – Oil futures fell more than $2 a barrel on Monday, with WTI hitting an 11-month low, as protests in top importer China over strict Covid-19 curbs fueled demand concerns.
Brent crude dropped $2.16, or 2.6%, to trade at $81.47 a barrel, after diving to $81.16 earlier in the session, its lowest since Jan. 11.
US West Texas Intermediate (WTI) crude slid $2.08, or 2.7%, to $74.20 a barrel. It fell as far as $73.82 earlier, its lowest since Dec. 27, 2021.
Both benchmarks, which hit 10-month lows last week, have posted three consecutive weekly declines. Brent ended the latest week down 4.6%, while WTI fell 4.7%. (QNA)
Tech Blog & Shop - By TFS