Oil prices slid on Monday, falling close to their lowest level this year, as street protests against strict Covid19 curbs in China, the world’s biggest crude importer, stoked concern over the outlook for fuel demand.
Brent crude dropped by$1.32, or 1.6 per cent, to trade at$82.31 a barrel at 10:48 am ET(1548 GMT), having slumped more than 3 per cent to $80.61earlier in the session for its lowest since January 4.
US West Texas Intermediate (WTI) crude slid 75 cents, or 1 per cent, to $75.53 after touching its lowest since December 22 last year at $73.60.
