Oil futures fell Thursday, with U.S. benchmark prices down by more than 3%, as new COVID-19 related lockdowns in China fed worries about a slowdown in energy demand. “China is the key question mark for the crude demand outlook and it seems that reopening momentum will remain elusive,” said Edward Moya, senior market analyst at OANDA. The mood on Wall Street is also “risk-off” and that is driving the U.S. dollar to fresh records, which is also putting added pressure on all commodities, he said. Traders, meanwhile, await a decision by OPEC+ Monday on oil production levels. October WTI crude CLV22, 1.85% fell $2.94, or 3.3%, to settle at $86.61 a barrel on the New York Mercantile Exchange. Prices based on the front-month contract ended at their lowest since Aug. 16, according to Dow Jones Market Data.