Crude oil futures lower on China covid spike   

Nov 28 (Lagos) - Crude oil futures declined after China saw protests in its biggest cities against the country's zero-Covid policy. This policy mandates its citizens to get daily Covid tests before stepping out of their homes and to isolate themselves even if another person with Covid enters their building. China is undergoing a new spike in Covid-19 cases with tens of thousands of new infections. 

Brent Crude oil futures declined more than 2% to near $81 a barrel while NYMEX WTI crude oil futures fell to $74.06 a barrel at the time of writing this article. 

Analysts around the world are anxious as they consider whether we are heading towards another 2020 kind of situation where International travel was restricted and lockdowns were imposed around the world. 

reporting for on Monday, November 28 2022 from Lagos, Nigeria 
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