scorecardresearchOil drops as China's rising COVID cases renew fuel demand concerns

Oil drops as China's rising COVID cases renew fuel demand concerns

Updated: 18 Jul 2022, 08:15 AM IST
TL;DR.
U.S. West Texas Intermediate (WTI) crude futures for August delivery dropped $1.54, or 1.6%, to $96.05 a barrel at 0055 GMT, after climbing 1.9% on Friday.
FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant