Oil prices down

Oil prices down

Oil prices fell slightly on Monday, mainly impacted by the maintenance of the zero Covid policy by China, the second largest consumer of black gold in the world.

A barrel of Brent from the North Sea for delivery in January 2023 fell 0.48% to 98.10 dollars, while a barrel of American West Texas Intermediate (WTI) for delivery in December lost 0.63% to 92, $03.

Chinese health authorities have reaffirmed the zero Covid policy, which involves repeated lockdowns and long quarantines, dampening hopes of reopening the country.

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