U.S. oil benchmark consolidates below $100 a barrel as Beijing expands COVID testing

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Oil futures were little moved Tuesday, consolidating a day after fears of a potential lockdown of Beijing in response to rising COVID-19 cases sparked demand...

Oil futures ticked up slightly Tuesday, a day after fears of a potential lockdown of Beijing in response to rising COVID-19 cases sparked demand fears.

A... Oil futures ticked up slightly Tuesday, a day after fears of a potential lockdown of Beijing in response to rising COVID-19 cases sparked demand fears. A close below $93.50 for WTI would confirm a break of an upward trend line, testing the lows of March and the first half of April, said Alex Kuptsikevich, FxPro senior market analyst, in a note.

 

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