Oil drops over 2% on China lockdowns, US stimulus concerns

Strong equities and weaker dollar boost contracts for producers

US President-elect Joe Biden (R) speaks as US Vice President-elect Kamala Harris (L) looks on during day two of laying out his plan on combating the coronavirus
US President-elect Joe Biden (R) speaks as US Vice President-elect Kamala Harris (L) looks on during day two of laying out his plan on combating the coronavirusPhoto: AFP/SCANPIX
Published 15 January 2021, 22:09Updated 15 January 2021, 22:09