Oil lower as dollar soars, investors weigh recessionary fears

Oil prices sink as China tightens COVID-19 restrictions

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Oil futures slumped Monday after China imposed curbs on activity in an effort to squelch a rise in COVID-19 cases.

Also, U.S. President Joe Biden was scheduled to visit Saudi Arabia this week in an effort to reset relations with the oil producer.

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Oil fell last week, with the U.S. benchmark sliding…

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