Oil prices fell below the $110 per barrel mark early on Monday after China locked down several cities because of a surge in COVID cases and Russia and Ukraine separately signaled progress in talks that continue today. As of 7:30 a.m. EDT on Monday, WTI Crude was down 5.75% at $103.12 and Brent Crude was falling by 4.
92% to $107.13. After largely remaining on the sidelines of the newsflow over the past month, COVID again returned to make headlines in China, where it originated. China locked down all 17.5 million residents in the business hub Shenzhen…Oil Prices Plunge As China Locks Down Shenzen
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