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Oil prices fall as Shanghai lockdown prompts expectations of a fall in demand

April 25, 2022

Via: Sky News

The price of Brent crude, the international benchmark, was down by $6 or 5.5% by Monday evening, hovering just above $100 a barrel.

US crude was down by a similar margin and also building on losses of last week as attention focused firmly on demand in China as opposed to the effects of Russia’s war against Ukraine that had driven prices to 14-year highs in March.

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