Oil slides as China lockdowns stoke demand fears
Oil prices tumbled by 2% on Thursday, as new COVID-19 lockdown measures in China added to worries that high inflation and interest rate hikes are denting fuel demand.
Brent crude futures fell $1.95, or 2%, to $93.69 a barrel by 1341 GMT. U.S. West Texas Intermediate (WTI) crude futures slid $1.98, or 2.2%, to $87.57 a barrel.
