US oil prices hit lowest level in nearly a year. Gas is down 6% in a month | CNN Business
Markets Fear & Greed Index Latest Market News US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. West Texas Intermediate crude oil futures, the US benchmark, slid 2.7% on Monday to trade close to $74 a barrel, a level last reached in December 2021. Futures for Brent crude, the global benchmark, dropped 2.9% to trade close to $81 a barrel. That’s its lowest level since January. Global oil prices have fallen about 35% since June as strict coronavirus restrictions in China have kept demand weak, and as some of the world’s major economies have signaled they are heading toward a recession. That’s helped push down gasoline prices for American drivers. The national average cost of a gallon of gas is now $3.55, down 0.3% from a day ago and by 5.7% from last month, according to the AAA. Crude oil prices are the biggest driver of US gasoline prices, according to the Energy Information Administration.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: US oil prices hit lowest level in nearly a year. Gas is down 6% in a month | CNN Business

### Response: Markets Fear & Greed Index Latest Market News US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. West Texas Intermediate crude oil futures, the US benchmark, slid 2.7% on Monday to trade close to $74 a barrel, a level last reached in December 2021. Futures for Brent crude, the global benchmark, dropped 2.9% to trade close to $81 a barrel. That’s its lowest level since January. Global oil prices have fallen about 35% since June as strict coronavirus restrictions in China have kept demand weak, and as some of the world’s major economies have signaled they are heading toward a recession. That’s helped push down gasoline prices for American drivers. The national average cost of a gallon of gas is now $3.55, down 0.3% from a day ago and by 5.7% from last month, according to the AAA. Crude oil prices are the biggest driver of US gasoline prices, according to the Energy Information Administration.