OIL FUTURES: Brent falls below $100 as China pandemic response weighs on demand outlooks

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An overnight crude prices slide accelerated in midday New York trading July 12, with ICE Brent futures again falling below the $100/b level as Chinese lockdown concerns dampened global demand outlooks. At 1619 GMT, NYMEX August WTI was down $7.72 at $96.37/b and ICE September Brent was $7.32 lower at $99.78/b. “Oil prices have once again tumbled below $100/b as…