Oil fell 4% on Monday as China lockdown continue to worry traders
Oil fell 4% on Monday as China lockdown continue to worry traders
International benchmarks for crude oil fell sharply on Monday, 11 April 2022 as the prolonged COVID-19 related lockdown in China affects the near-term demand outlook while IEA countries work on the detailed plan to release the largest-ever strategic reserves.
Brent fell $4.30 or 4.2% to close at $98.48/barrel.
WTI settled $3.97 or 4.0% lower at $94.29/barrel.