Oil resumed falling on growing concerns about the COVID-19 situation in China
Oil resumed falling on growing concerns about the COVID-19 situation in China
International benchmarks for crude oil settled lower on Wednesday, 16 November 2022 as growing concerns over the COVID-19 situation in China weighed on the market. Besides, the Russian oil supply via the Druzhba pipeline to Hungary has been resumed after a brief outage.
Brent fell $1 or 1.1% to close at $92.86/barrel.
WTI slid $1.33 or 1.5% to close at $85.59/barrel.