• 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…

Source link