Editor
Crude oil prices plunged more than 7 percent on Tuesday as the American and world benchmarks fell below $100 a barrel.
The Chinese economic outlook, dimmed by lockdowns to contain Covid-19 outbreaks, appeared to be the major cause of the decline, along with increasing signs of a global economic slowdown. China is the world’s leading oil importer, and the second-largest consumer after the United States.
In addition, while demand may be…
