Oil falls on renewed lockdowns, stronger dollar


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LONDON, Jan 11 (Reuters): Brent crude oil prices fell as much as US$1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as a stronger US dollar.

Brent was down 80 cents, or 1.4%, at $55.19 a barrel at 1010 GMT, after falling $1 to a session low of $54.99 earlier.

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OIl , Price , Down , China , Under Pressure , Covid-19 , Hebei

   

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