SINGAPORE, Nov 7 (Reuters): Oil prices fell more than US$1 a barrel on Monday after Chinese health officials on the weekend reiterated their commitment to a stringent Covid containment approach, dashing hopes of a rebound in oil demand from the world's top crude importer.
Brent crude futures dropped $1.24 or 1.26% to trade at US$97.33 a barrel at 0731 GMT, after falling as low as US$96.50 earlier in the day. US West Texas Intermediate crude was at US$91.17 a barrel, down $1.44 or 1.55% after hitting a session-low of $90.40.
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