Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China, the world\u2019s top crude importer, potentially relaxing its strict COVID-19 restrictions. If China opens up its economy supply would certainly tighten and put upward pressure on prices \u2013 China knows this as well so it will be interesting to see how this turns out. Certainly, China must know by now that a 0 COVID policy does not prevent the spread of COVID itself it needs to work its way through the system. U.S. West Texas Intermediate crude dropped 82 cents to settle at US $91.79\/bbl. It earlier rose 74 cents to a session high of US$93.74\/ bbl, the highest since Aug. 30.<\/p>\n\n\n\n
Oil prices fell on Monday, paring gains after rising to more than two-month highs, on mixed signals over China<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-7909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n