The News Craving
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Reuters UK
Reuters UK
By Yuka Obayashi TOKYO (Reuters) – Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai launched a two-stage lockdown to contain a surge in COVID-19 infections. The market kicked off another week of uncertainty, buffeted on one side by the war between Ukraine and Russia, the world’s second-largest crude exporter, and expansion of COVID-related lockdowns in China, the largest crude importer globally. Brent crude futures slid as low as $115.32 a barrel and were trading down $5.15, or 4.3%, at $115.50 at 0731 GMT. U.S. West Texas In…