OilPrice.com reports:

– Oil fell back below $110 on a surge in COVID cases across China.

– China locked down all 17.5 million residents in the business hub Shenzhen.

– Hope of progress in peace talks in the Ukraine war also offset bullish developments for crude oil.

Oil prices fell below the $110 per barrel mark early on Monday after China locked down several cities because of a surge in COVID cases and Russia and Ukraine separately signaled progress in talks ...

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