Oil prices fell while settling transactions with a number of Chinese cities aimed at tightening restrictions due to the Corona outbreak, but posted weekly gains.
On liquidation, Brent crude futures fell 1.2% to $ 95.77 a barrel, but posted weekly gains of 2.4%.
Meanwhile, US crude futures fell 1.32% to $ 87.90 a barrel on liquidation:
Today, data from the Baker Hughes company revealed that oil rigs in the United States fell by two to 610 rigs this week, against expectations of an increase to 614 rigs.
The Chinese government tended to tighten closure measures in Guangzhou city – China’s fourth largest city by GDP – as the rise in corona infections entered its fourth week.
The Chinese economy has been hit hard by the tightening of lockdown restrictions linked to the coronavirus during 2022.
China recorded 1,506 new infections with the Corona virus on October 27.
