Oil slides on concerns of weaker Chinese demand | Reuters
Oil prices tumbled more than $9 on Monday as fears grew over weaker fuel demand in China after financial hub Shanghai's lockdown to curb a surge in COVID-19 infections.
Brent crude futures slid as low as $111.17 a barrel and were trading down $9.02, or 7.4%, at $111.63 a barrel by 1403 GMT.
U.S. West Texas Intermediate (WTI) crude futures were down $8.88, or 7.8%, at $105.02 after touching a low of $104.75.
Shanghai has entered a two-stage lockdown of 26 million people on Monday in an attempt to curb the spread of COVID-19. read more
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