Oil prices fell for a fourth day on Thursday on concerns that new Covid curbs in China, the world’s biggest crude importer, will impact fuel demand.
Brent crude futures fell 34 cents, or 0.4 per cent, to $92.31 a barrel at 0115 GMT. US West Texas Intermediate (WTI) crude futures were down 31 cents at $85.52 a barrel.
Brent prices have dropped more than 6 per cent so far this week, while WTI is down more than 7 per cent.
The manufacturing hub of Guangzhou, a city of 19 million people, on Thursday reported more than 2,000 new cases for Nov. 9, the third day above that level, in the city’s worst outbreak so far.
