Futures Movers: Oil prices drop over 4% as China steps up efforts to contain delta variant outbreak

Oil futures trade sharply lower, extending last week’s tumble as China took additional steps to limit the spread of the delta variant of the coronavirus that causes COVID-19, underlining fears about global crude demand.

Oil futures trade sharply lower, extending last week’s tumble as China took additional steps to limit the spread of the delta variant of the coronavirus that causes COVID-19, underlining fears about global crude demand.