A clouding outlook for the global economy pushed US oil prices below $80 a barrel last week to their lowest level since September.

The declines extended a recent sell-off in crude oil futures fueled by a Rise of Covid-19 cases in China. The outbreak has tested Beijing’s easing of pandemic controls and threatens to hit economic activity along with demand for oil and petroleum products like diesel.

At the same time investors Expect sustained rate hikes from the federal government…

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