MUSCAT: Brent crude futures for January delivery fell $2.56 to $95.36 a barrel, a loss of 2.6%, and US crude fell $2.88, or 3.14%, to $88.91 a barrel upon settlement.
The two benchmarks recorded in Monday’s session their highest level since August, supported by news reports that China is considering canceling strict restrictions related to combating ‘Covid-19’. But the rise in new cases in a number of Chinese cities weakened the prospects for easing restrictions.
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