Oil retreats as China lockdowns stoke coronavirus demand concerns

摘要

Crude prices edged lower June 17 as concerns of a coronavirusresurgence in the US and China underscored a bearish build in UScrude supply.NYMEX July WTI settled down 42 cents at $37.96/b, and ICE AugustBrent was down 25 cents on the day at $40.71/b.Crude futures came under pressure early in the session amidconcerns of a fresh wave of lockdown measures amid new COVID-19outbreaks.