Brent crude oil prices slide to lowest level this year
BUSINESS
AMID CHINA TENSIONS
Oil prices slid on Monday, falling close to their lowest level this year, as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer, stoked concern over the outlook for fuel demand. Brent crude dropped by $1.32, or 1.6%, to trade at $82.31 a barrel at 10:48 a.m. ET (1548 GMT), having slumped more than 3% to $80.61 earlier in the session for its lowest since Jan. 4. U.S. West Texas Intermediate (WTI) crude slid 75 cents, or 1%, to $75.53 after touching its lowest since Dec. 22 last year at $73.60.