Oil futures retreat early Monday, with the global benchmark slipping back below the $100-a-barrel threshold as worries mount over China's lockdown of...
Oil futures retreated early Monday, with the global benchmark slipping back below the $100-a-barrel threshold as China’s COVID-19 lockdowns amplified worries over crude demand.
... Oil futures retreated early Monday, with the global benchmark slipping back below the $100-a-barrel threshold as China’s COVID-19 lockdowns amplified worries over crude demand. Oil has pulled back in recent weeks as the U.S. announced it would release 180 million barrels of crude over the next six months from its strategic reserves, with other members of the International Energy Agency adding a net 60 million barrels of releases.