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Oil - pushed & pulled on China demand concern (COVID outbreaks rising) but supply shortage
A recap on Tuesday oil moves via ANZ, a good summary of where we are at:
Crude oil fell as rising cases of COVID-19 weighed on sentiment.
- Xinjian reported its fourth highest number of new cases nationally on Monday.
- Inner Mongolia, which was sealed off in early October, saw cases jump to almost 1800.
- New infections in the province of Henan almost doubled.
This comes following rumours that Beijing was looking to options to ease restrictions. How... Read More
Posted: Nov 8 2022, 22:35
Author Name: forexlive
Views: 102683