News Snapshot:
The international benchmark for crude oil, Brent crude declined from about $109 a barrel it closed on Friday to $101.31 on Monday during the London trading session as concerns over rising cases of COVID-19 in China weighed on the outlook of the commodity. Chinese government was said to have started constructing fences around buildings that accommodated COVID-19 victims to curb the further spread of the virus. However, investors are concerned the measures may not be enough given a series of lockdown restrictions put in place in different cities. Businesses and investors have started predicting a total lockdown that could plunge...
