News > Oil prices fall further as China extends COVID-19 curbs
Oil prices fall further as China extends COVID-19 curbs
The Hindu | 08/09/2022 10:46 PM | Click to read full article
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.