Oil drops on fears of inflation, China’s COVID flare up - Al Jazeera English

With US inflation accelerating to a 40-year high and China imposing new curbs, investors questioned economic recovery.

Oil dropped more than $2 on Monday as a flare-up in COVID-19 cases in Beijing dented hopes of a pick-up in Chinese demand, while worries about more interest rate hikes to control rampant inflation ha… [+2032 chars]

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