By Peter Nurse

Investing.com – Oil prices eased again on Thursday as geopolitical tensions eased in Eastern Europe, while the rising number of COVID-19 cases in China risked affecting economic activity at the world’s largest crude oil importer.

As of 10:00 a.m. ET (3:00 p.m. GMT), futures were trading 2.3% lower at $83.61 a barrel, while the contract was down 1.4% to $91.55 and three-week lows tested.

China reported over 20,000 new cases daily this week, the highest spike in about seven months,…

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