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Oil prices tumble on tougher Chinese Covid crackdowns and possible US interest rate hike

Brent and WTI prices plunge more than 5% despite talk of EU sanctions on Russian crude imports

Tightening grip: China's government is increasing its efforts to halt the spread of Covid in Shanghai, which has helped to push global oil prices down
Tightening grip: China's government is increasing its efforts to halt the spread of Covid in Shanghai, which has helped to push global oil prices downPhoto: MONJASA
Houston
Oil PriceShanghaiAmericasNorth AmericaEast Asia
Published 25 April 2022, 17:57Updated 26 April 2022, 12:17