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March 14, 2022
Source: I.C.I.S

Oil falls by more than $3/bbl as China COVID-19 cases surge

SINGAPORE (ICIS)–Oil prices fell by more than $3/bbl on Monday amid growing fears that surging COVID-19 cases in China will lead a slew of fresh lockdowns which would hit demand. China is the world’s second biggest economy and largest oil importer.

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