US oil prices are at their lowest level in nearly a year. Gas is down 6% in a month | CNN Business

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US oil prices have fallen to their lowest level since December 2021 on fears that protests in China against Covid-19 lockdowns will dent demand.

West Texas Intermediate crude oil futures, the North American benchmark, slid 3.2% on Monday to trade close to $74 a barrel, a level last reached in late December. Futures for Brent crude, the global benchmark, also dropped 3.3% to trade close to $81 a barrel. That’s its lowest level since January.

55, down 0.3% from a day ago and by 5.7% from last month, according to the AAA. Crude oil prices are the biggest driver of US gasoline prices, according to the Energy Information Administration. Thousands of protestors took to the streets across China over the weekend in a rare series of demonstrations against the country’s zero-Covid strategy. One of the triggers for the protest was a deadly apartment fire in the Xinjiang region.

 

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How's the border?

Of course it is when you artificially influence the price by releasing millions of barrels of oil reserves just before election time it's going to make a difference

An Iranian Activist, Arash Sadeghi is in Jail for no reason! He has cancer; the government stopped his treatment and refused to give him his medicines. We need your help to be his voice. He is in serious danger .🆘🆘🆘 Arash_Sadeghi

So why havnt prices dropped to 2021 prices for gas ? Oh because big oil still needs record profits.

Super Dooper FAAKE NEWS!!!!

And yet we are still seeing prices at the pump equivalent to early October. 🤷‍♂️

Keep protesting!!!!

Pls. interview Dr. Antonio Bianco to talk about new book, 'Rethinking Hypothyroidism.' Many women get thyroid trouble & it's not diagnosed & treated well enough. He's former head of Amer Thyroid Assoc. I have petition 4 better thyroid treatment w/over 6,000 signatures. We'd watch

You are going out of your way to smear China 🐷

Watch as CCP drones spray unidentifiable chemicals onto the streets in China, this is dystopian, this is what the people of China are protesting against!-

Still way higher since your team got power. But now they’ve hypocritically supported drilling in Venezuela while continuing to stopit here.

See it all comes down to US refiners keeping costs high. Pure greed.

My gas tank and home say different 👍 like people do understand we live in the real world and see this crap for ourselves right?

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