Oil futures posted their second straight weekly decline, which came under pressure as a resurgence of COVID-19 concerns clouded the energy demand picture and broader markets eyed a tightening Federal Reserve.

US crude prices ended Friday at their lowest since late September, as China’s zero-COVID policy, which flared up again this week, revived fears that the world’s second-largest economy would buy less oil and gas.

Natural gas futures joined the broader energy space in Friday’s pullback after a…

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