Brent crude LCOc1fell US$6.45, or 5.7%, to settle at $105.94 a barrel. U.S. West Texas Intermediate crude CLc1fell $6.68, or 6.1%, to settle at $103.09 a barrel. Both contracts have gained about 35% so far this year.
NEW YORK: Oil prices sank about 6% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook.
Brent crude LCOc1fell US$6.45, or 5.7%, to settle at $105.94 a barrel. U.S. West Texas Intermediate crude CLc1fell $6.68, or 6.1%, to settle at $103.09 a barrel. Both contracts have gained about 35% so far this year.
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