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Oil Falls Again As Worries Grow Over Global Economy, China COVID Cases




PARIS, France - Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about week demand due to the state of the global economy and China's rising COVID cases.


Brent futures for March delivery fell 43 cents to $81.67 a barrel, a 0.5% loss, by 0700 GMT. U.S. crude dropped 39 cents, or 0.5%, to $76.54 per barrel.


Both benchmarks plunged more than 4% on Tuesday, with Brent suffering its biggest one-day loss in more than three months.

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