Oil prices turned positive on Monday as rumors of an OPEC+ production cut offset worries about a slump in global demand.

Earlier Monday, oil prices fell to their lowest level since January amid fears protests against Covid-19 lockdowns in China, the world’s largest crude oil importer, could hurt demand.

Futures for Brent crude, the global benchmark, fell 2.9% to trade near $81 a barrel, the lowest since January. Similarly, West Texas Intermediate Crude Oil is…

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