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Asharq Al-Awsat

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Asharq Al-Awsat

Oil Falls as China Fuel Demand Concerns Linger

Oil China Covid-19 United States

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev

Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world's biggest oil importer, due to COVID-19 restrictions.

Brent crude futures fell $1.48, or 1.41%, to $103.84 a barrel by 0426 GMT. US West Texas Intermediate crude futures slipped $1.39, or 1.36%, to $100.63 a barrel.

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