Bearish Sentiment Is Building In Oil Markets Once Again
Bearish sentiment is building in oil markets as China's covid crisis continues, U.S. oil inventories build, and the oil price cap faces questions
Source: oilprice.com
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Oil Rout Intensifies As China Cuts Oil Purchases
The selloff in oil continued on Friday, with WTI prices falling more than 5% as China reportedly asked the Saudis to ship less crude in December
Source: oilprice.com
Chinese Demand Concerns Continue To Spook Oil Markets
Crude prices fell on Tuesday ahead of official inventory data as traders continue to focus on demand risks in China
Source: oilprice.com
China's Covid Saga Sends Oil Prices Spiking Again
Oil markets are responding once again to news out of China, with oil prices up by over 3% as Covid restrictions are eased
Source: oilprice.com
Why Brent Crude May Not Hit $100 This Week
The speculation surrounding China's zero-covid policy has sparked volatility in oil markets, and while crude was moving higher last week, this week may see a turnaround.
Source: oilprice.com