By Peter Nurse

Investing.com – Oil prices fell on Friday, weighed down by China imposing new Covid lockdowns, though benchmarks were poised for weekly gains as strong U.S. exports hint at underlying demand.

As of 09:10 ET (13:10 GMT), futures were trading 1.5% lower at $87.78 a barrel, while the contract was down 1.2% at $93.88.

China reported 1,506 new COVID-19 infections on Oct. 27, the National Health Commission said Friday, up from 1,264 new cases a day earlier.


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