U.S. oil falls to lowest price of 2022 as China protests spark fears

U.S. oil falls to lowest price of 2022 as China protests spark fears

Oil futures declined sharply Monday, with the U.S. benchmark touching the lowest price of the year, on track to erase nearly all of what remains of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked worries over slack crude demand from one of the world’s biggest consumers. Price action West Texas Intermediate…