SINGAPORE: Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world’s largest crude oil importer.
Brent futures for February fell 26 cents, or 0.3%, to $83.00 a barrel by 0430 GMT, while US crude fell 26 cents, or 0.3%, to $78.70 a barrel.
The scale of the latest outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even as China began dismantling the world’s strictest…