Quantum Commodity Intelligence – Crude oil futures were lower on Monday amid fears renewed Covid restrictions will limit oil demand growth from the world’s top crude importer.

January ICE Brent futures traded at $92.16/b (1805 GMT), compared to Friday’s settlement at $93.77/b, while Dec. 22 was nearing $94.65/b was traded.

At the same time, NYMEX WTI was trading at $85.48/b on Dec 22 versus Friday’s settlement of $87.90/b.

Covid-19 infections continued to rise in China…

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