Crude oil futures snapped a three day winning streak to ease down by nearly half a percent on Tuesday, weighed down by demand concerns amid extended COVID led lockdowns in top crude importer China. Chinas oil demand could contract this year as Beijings zero-COVID policy keeps people at home during holidays and reduces fuel consumption in addition to a deepening energy crisis in Europe that heightened recessionary risks in the region. WTI Crude oil prices are currently quoting at $ 87.45 a barrel. Powered by Commodity Insights
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