Business

Oil Retreats After China Pledges to Stick With Covid Zero Policy

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China’s Covid Zero strategy relies on a combination of lockdowns and mass testing to stamp out infections, and its implementation has weighed on the nation’s economy and been a sustained headwind for the global crude market. Countrywide, more than 4,200 new locally transmitted cases were reported for Saturday, an increase from about 3,500 a day earlier.



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