International crude oil prices plummet this Monday. the barrel of oil sinks more than 6%due to a partial confinement decreed in Shanghai, the economic capital of China, which might weigh down the demand for crude oil in the country.
(Due to the outbreak of covid-19, they confine half of the city of Shanghai).
The barrel of West Texas Intermediate (WTI) fell 6.78% and was quoted at 106 dollars and that of Brent North Sea freight for May delivery was down 6.23% at $109.
Shanghai, the most populous city in China with 24 million inhabitantsbegins this Monday a confinement that will be staggered in two phases and will last until April 5 to tackle the worst regrowth registered in the city since the pandemic began.
At the end of last week, crude oil appreciated 4% due to the war in Ukraine.
with agencies
