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Shanghai lockdown adds to oil price volatility

After a 7 percent slump on Monday, oil prices saw further falls in Asian trading on Tuesday, as investors considered the impact of the latest Covid-19 lockdowns on demand for oil. The price of crude has been extremely volatile in recent months. At the start of the Russian invasion of Ukraine, the international benchmark Brent rose to its highest level since 2008. Also today, we report on a protest by ride-hailing drivers in France over high fuel prices.

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