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Oil falls on China COVID curbs and weak factory data

Por: CNBC Business October 31, 2022

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Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country's widening COVID-19 curbs will curtail demand.Brent crude futures dropped $1.17, or 1.2%, to $94.60 a barrel by 0900 GMT, extending Friday's 1.2% decline.U.S. West Texas Intermediate (WTI) crude was down $1.25, or 1.4%, at $86.65 after losing 1.3% on Friday.Both benchmarks, however, are on track for... + full article



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