Oil Falls as China Widens COVID-19 Curbs

Oil Falls as China Widens COVID-19 Curbs
An oil field worker works at a pump jack in PetroChina's Daqing oil field in China's northeastern Heilongjiang Province on Nov. 5, 2007. (Stringer (China)/Reuters)
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LONDON—Oil prices fell on Friday after top crude importer China widened its COVID-19 curbs, though benchmarks were poised for a weekly gain on supply concerns and surprisingly positive economic data.

Brent crude futures dropped 50 cents, or 0.5 percent, to $96.46 a barrel by 1047 GMT, having climbed by 1.3 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures were down 78 cents, or 0.9 percent, at $88.30.