- US crude oil reverses losses on rumors of OPEC+ production cuts
- WTI hits lowest level since December 2021, Brent lowest since January 2022
- Clashes in Shanghai as COVID protests flare across China
November 28 (Reuters) – Global oil benchmarks retreated from their lowest levels in almost a year on Monday, with US crude ending on positive territory, helped by talk of an OPEC+ production cut raising concerns about strict COVID-19 restrictions in China, the world’s largest crude oil importer offset.
Price action was volatile. USA West Texas…