Oil Drop May Worsen Further Before It Gets Better

china oil

The China headlines recently have been a main catalyst for the drop in oil prices, as protests and lockdowns point towards unrest and further demand destruction. The rumours of OPEC+ wanting to increase output in the past week also isn’t helping, even if Saudi officials have denied that.

As much as the latest OPEC+ output cut and global reopening should spur prices, we haven’t really seen that sort of spike after things have somewhat calmed down in the Russia-Ukraine conflict.

Obviously, China is a key driver of demand conditions as well but considering how they are adamant in sticking with their zero-Covid policy for now, that’s a major blow for hope and risk optimism to start the new week.

This Post Has 23 Comments

  1. TimothyPat

    Online medicine home delivery: indian pharmacy – indian pharmacy

  2. Edisonunumb

    viagra originale in 24 ore contrassegno: viagra online siti sicuri – viagra consegna in 24 ore pagamento alla consegna

  3. Edisonunumb

    viagra online spedizione gratuita: acquisto viagra – viagra naturale

  4. Ara

    Wow, amazing weblog structure! How lengthy have you been running a blog for?
    you make blogging glance easy. The overall look of your site is magnificent,
    let alone the content material! You can see similar here e-commerce

  5. gateio

    I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/zh-tw/signup/XwNAU

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.