Oil settled lower for a third straight session supported by the news of a coordinated effort by member states of the International Energy Agency (IEA) to release 60 million barrels into the global marketplace, renewed lockdowns in power-hungry China, indecision in Europe, and a strong dollar. Brent started April 6 trading at $106.16, and dropped to $100.10 as of 9:30 a.m. ET. West Texas Intermediate (WTI) crude futures likewise lowered more than 5.7 percent over two days and is trading at $96.22 a barrel. Both benchmarks have plunged to their lowest since mid-March. COVID-19 restrictions and lockdowns in China—the biggest importer of oil globally—had eased upward pressure on the commodity. Complete city-wide shutdowns are part of the draconian measures implemented under the country’s Zero-COVID policy. The drastic containment actions have radically disrupted the day-to-day lives of its citizens and had a profound impact on the region’s economy. Recent outbreaks of …