Covid cases on the rise: China recording its largest number of daily Covid-19 infections in more than five months weighed on oil prices on Monday Photo: REUTERS/SCANPIX

Oil slips as Covid-19 lockdowns cause concern for demand

Largest daily increase in Covid-19 cases in China for more than five months rattles market along with European lockdowns

11 January 2021 4:20 GMT Updated 11 January 2021 4:20 GMT

By Reuters

Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions

Production

Oil slips as Covid-19 lockdowns cause concern for demand