Concerns over the prospect of renewed demand haunting the crude oil market pushed the black commodity to trade lower on Wednesday.
US WTI crude oil futures fell to around $85 a barrel, the lowest level since January.
Additionally, Brent crude oil traded at its weakest level since February, trading at $91 a barrel.
In China, more major cities have introduced new Covid-19 lockdowns that are seen to further affect the economy and reduce demand for fuel from the world's second-largest consumer.
Meanwhile, OPEC+ earlier in the week unexpectedly decided to cut production by 100,000 barrels a day starting in October, but the move failed to stem a significant drop in oil prices.
In the meantime, along with other risky assets, the price of crude oil is also under pressure from the stronger value of the US dollar.
