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Oil Price drops as China battles surging COVID-19 cases
As investors become more concerned that China would be removing some COVID-19 regulations, the price of oil has fallen today. Investors are concerned that this may cause a fresh wave of infections.
While US crude is down 1.9% at 77.48 per barrel, Brent crude has lost 1.5% of its value today to $81.93 per barrel.
Oil Price Has Been Affected By COVID-19 Pandemic
The world's largest crude oil importer's prospects of a resurgence in fuel demand have been dashed by an increase in COVID-19 cases in China.
Oil prices and market prices have...
Business
Oil Price drops...
As investors become more concerned that China would be removing some COVID-19 regulations, the price of oil has fallen today. Investors are concerned that...
Economy
China acquires Russian...
Even though the actual prices refiners pay may be higher than the price cap set this week by Western nations, China is purchasing Russian...
Gas
White House Taking...
American drivers are starting to see lower gas prices, reaching lower levels than before the Invasion of Ukraine in February. Despite that, prices are...
Larry -
Gas
Biden Is Open...
President Joe Biden said on Monday that he would consider issuing Americans gas rebate cards to help with the country's skyrocketing gas prices.
According to...
Gas
Getting the $500...
This Friday, April 29, welcome to our American Finances live blog, where we'll be discussing the latest financial news and developments from around the...
Gas
What Is the...
Many drivers around the country are grappling with historically high gas prices. Fuel costs were already rising before Russia invaded Ukraine, and the war...
Gas
Who Will Be...
The national average per gallon is roughly $4 because of geopolitical difficulties. For some, it's just a stumbling block, an annoyance to bear until...
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