Oil prices slid on Tuesday on China demand worries and the U.S. midterm elections. On Monday, both benchmarks hit their highest since August on reports that leaders in China were weighing an exitfrom the country\u2019s strict COVID-19 restrictions, however, new cases have surged in Guangzhou and other Chinese cities, dimming prospects for fewer restrictions. U.S. West Texas Intermediate (WTI) crude fell $2.88, or 3.14% percent, to close at $88.91 per barrel. Brent futures for January delivery fell $2.56 to US$ 95.36 per barrel, a 2.6% percent loss on the day. Natgas got hit hard as well as growing supply outweighed weather concerns.<\/p>\n\n\n\n
Oil prices slid on Tuesday on China demand worries and the U.S. midterm elections.<\/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-7912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n