Oil slumped another 4% on growing demand concerns
Oil slumped another 4% on growing demand concerns
International benchmarks for crude oil fell another 4% on Monday, 25 April 2022 on fear of a lockdown in Beijing would further dent demand while the Federal Reserve signalled a 50 basis point increase in interest rates.
Brent loses $4.33 or 4.1% to settle at $102.32/barrel.
WTI fell $3.53 or 3.5% to close at $98.54/barrel.