How China’s zero-Covid protests will affect fuel prices

Oil is an internationally traded commodity subject to global price volatility and disruptive geopolitical events. PHOTO | POOL

Crude oil prices hit the lowest mark this year as protests in top importer China over strict Covid-19 curbs fuelled demand worries, setting the stage for lower pump prices in Kenya.

The international benchmark crude fell to $80.92 a barrel — the lowest since January 10 — amid uncertainty about the outlook of the world’s second-largest economy.

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