: Oil ends lower for a second straight session on uncertainty over China’s zero-COVID policy
Oil futures settled lower for a second straight session on Tuesday, as traders continued to weigh uncertainty over China’s zero-COVID policy, which clouds the nation’s energy-demand outlook. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22 fell $2.88, or 3.1%, to settle at $88.91 a barrel on the New York Mercantile Exchange. Meanwhile, natural-gas futures continued to see volatile trading, easing back by nearly 12% Tuesday after gaining 8.5% a day earlier on the back of U.S. forecasts for colder-than-usual weather. December natural gas NGZ22 settled at $6.138 per million British thermal units, down 81 cents, or 11.6%.
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