Tag: slumps
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Crude Oil Slumps as China Locks Down Financial Hub Shanghai
[ad_1] By Peter Nurse Investing.com — Oil prices slumped Monday after fresh Covid-19 lockdowns in China, the world’s largest crude importer, prompted fears over weaker fuel demand. By 4 AM ET (0800 GMT), futures traded 3.8% lower at $109.56 a barrel, while the contract fell 3.4% to $113.43. were down 2.9% at $3.3365 a gallon.…
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Oil Slumps as Biden, Allies Gather to Pressure Moscow
[ad_1] Oil Slumps as Biden, Allies Gather to Pressure Moscow [ad_2] Source link
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Crude Slumps on China Covid Lockdowns, Easing Supply Fears
[ad_1] By Geoffrey Smith Investing.com — Crude oil prices tumbled to their lowest in nearly three weeks on Tuesday as Covid-19 lockdowns in China combined with more encouraging news on the supply side to trigger more hasty selling in an overbought market. By 11:55 AM ET (1555 GMT), futures were down 7.5% and $95.27 a barrel,…