News Snapshot:
Oil futures slumped Monday after China imposed curbs on activity in an effort to squelch a rise in COVID-19 cases. Also, U.S. President Joe Biden was scheduled to visit Saudi Arabia this week in an effort to reset relations with the oil producer. Price action West Texas Intermediate crude for August delivery CL00, -2.15% CL.1, -2.15% CLQ22, -2.15% fell $2.26, or 2.2%, to $102.53 a barrel on the New York Mercantile Exchange. September Brent crude BRN00, -1.63% BRNU22, -1.63% , the global benchmark, lost $1.74, or 1.6%, to trade at $105.28 a barrel on ICE Futures Europe. Back on Nymex,...
