LONDON, Nov 8 (Reuters) – Oil prices slid on Tuesday as recession concerns and worsening COVID-19 outbreaks in major crude oil importer China fueled fears of lower fuel demand.
Brent crude was down 93 cents, or 1%, at $96.99 a barrel by 1129 GMT, while US West Texas Intermediate (WTI) crude was down $1.16, or 1.3%, at $90.63.
Both benchmarks hit their highest levels since August on Monday amid reports that China was the leader Weighing an exit by the country’s strict COVID-19 restrictions.
