Brent crude futures for September fell $1.35, or 1.3%, to $105.75 a barrel by 0305 GMT, while US West Texas Intermediate crude for August delivery was at $102.64 a barrel, down $1.45, or 1.4%.
"While China may take a more targeted approach in trying to squash any outbreak, we will need to see how this plays out given the country's COVID zero policy," said Warren Patterson, head of commodity research at ING. There have also been other curtailments of energy supply routes from Russia, a major supplier of oil, fuel and natural gas to Europe, that have traders and utilities on edge.
Additionally, spare capacity at the Organization of the Petroleum Exporting Countries is running low with most of the producers pumping at maximum capacity.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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