News > Oil prices fall further as China extends COVID-19 curbs

Oil prices fall further as China extends COVID-19 curbs

Oil prices fell on Thursday, extending sharp losses from the previous session, as China's extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand.

Brent crude futures lost 40 cents, or 0.4%, to $87.60 per barrel by 1002 GMT, near a late-January low.