TOKYO—Oil prices dropped on Thursday, as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand, while renewed restrictions to curb COVID-19 in China also added pressure.
Brent crude futures fell 80 cents, or 0.8 percent, to $94.84 a barrel by 0626 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 85 cents, or 1 percent, to $88.70 a barrel.
