Crude oil tumbled 2% in early Asia on Thursday, extending recent losses as demand concerns continued to weigh amid gloomy global economic scenario. Meanwhile, rising COVID cases in China, the worlds biggest crude importer also added to demand woes. Strength in dollar supported by stronger-than-expected U.S. retail sales data kept the commodity grounded. WTI crude oil futures are currently down more than 2% at $83.87 per barrel, a near three-week low. Powered by Commodity Insights
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