Oil prices fall on renewed coronavirus concerns as China cases mount

Topics Oil Prices | Coronavirus | China


By Jessica Jaganathan SINGAPORE (Reuters) - Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's second-largest oil user, after a jump in cases there. Brent crude oil futures fell 42 cents, or 0.8%, to $55.57 a barrel by 0146 GMT after earlier climbing to $56.39, its highest since Feb. 25, 2020.

Brent rose in the previous four sessions. U.S. West Texas Intermediate (WTI) slipped 22 cents, or 0.4%, to $52.02 a barrel......

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