News Snapshot:
Oil prices sank 4 percent on Monday alongside equities, as continued [coronavirus](tag?_=coronavirus) lockdowns in China, the top oil importer, sparked demand concerns. Brent crude fell $4.47, or 4 percent, to $107.92 a barrel at 11:14pm EDT (15:14 GMT). United States West Texas Intermediate crude fell, or 4.3 percent, $4.67 to $105.10 a barrel. Both contracts have gained more than 35 percent so far this year. Global financial markets have been spooked by concerns over interest rate hikes and recession worries as tighter and wider [COVID](tag?_=covid) -19 lockdowns in China led to slower export growth in the world’s No. 2 economy...
