More than two dollars a barrel.. A drop in global oil futures contracts

baghdad/ Nina Oil futures fell more than $2 a barrel on Monday as US West Texas Intermediate crude dropped to its lowest level in 11 months as protests in China, the biggest oil importer, over strict Corona restrictions fueled demand concerns. .

Brent crude fell $2.16, or 2.6%, to $81.47 a barrel, after dropping to $81.16 at the start of the session, its lowest level since January 11.

U.S. West Texas Intermediate crude fell $2.08, or 2.7%, to $74.20 a barrel. Crude oil fell to $73.82 earlier, its lowest level since December 27, 2021.

Both benchmarks, which reached their lowest levels in ten months last week, recorded three consecutive weekly declines. Brent finished last week down 4.6%, while West Texas Intermediate crude fell 4.7%./End 8