Oil was hit with renewed selling pressure on Monday, falling below $70 a barrel and adding to last week’s steep losses on growing concerns about the Delta coronavirus variant sapping demand in Asia.
Brent, the international crude oil marker, fell as much as 4 per cent to $67.87 a barrel, extending last week’s 7 per cent drop. West Texas Intermediate, the US oil benchmark, was also down more than 4 per cent to $65.33 a barrel. It dropped more than 7 per cent last week, its steepest fall in nine months.
China, the world’s biggest oil importer, is fighting its worst Covid outbreak since the start of the pandemic and has tightened travel restrictions and started mass testing in an effort to try to contain the virus.
您已閱讀23%（719字），剩余77%（2377字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。