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Oil futures fell sharply Tuesday, with the U.S. benchmark slipping back below $100 a barrel, hampered by a strong dollar and continued worries over COVID-19 restrictions in China that could lead to a slowdown in energy demand.
Price action
Market drivers
Fears of a recession were weighing on stocks and commodities in Tuesday dealings, analysts said. Rising COVID-19 cases in Shanghai were also seen putting pressure on crude, stirring fears of renewed lockdown.
“Recently,…
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