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Oil is getting smashed on the China news too (and other news)

Oil is getting smashed on the China news too (and other news)

Renewed lockdowns in China will weigh on demand, which is a negative for the black stuff at the margin.

Getting smashed today:

Back at its early 2022 lows.

Early indications from Chinese stock markets are the Shanghai Comp will open 1.5% lower. You can expect to see China's 'national team' buying stocks today to proper it up.

On the supply side, more incoming!

Posted: Nov 28 2022, 01:27
Author Name: forexlive
Views: 111961

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