By Peter Nurse – Oil prices fell on Monday, weighed down by a stronger dollar and news of a fresh wave of Covid cases in China, the world’s largest importer of crude oil, stoking fears over the demand outlook.

As of 09:05 ET (14:05 GMT), US crude futures were trading 1.2% lower at $87.89 a barrel, while the Brent contract was down 1.1% at $94.95.

The market had skyrocketed late last week as Chinese health officials eased quarantine periods for inbound travelers, raising optimism that a more…

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