Oil prices plunged on Tuesday as China, a major energy consumer, placed nearly 30 million people under Covid lockdown, and Hong Kong and Chinese mainland stock markets dove, while Wall Street stocks rallied. Brent oil futures finished under $100 a barrel for the first time in nearly three weeks, reflecting worries about the prospects for the world’s second largest economy as it confronts the latest Covid-19 surge.

Oil prices plunge on China lockdowns, stocks diverge Fintech Zoom World Finance comes via ChinaTechNews.com.