Oil drops as China's rising COVID cases renew fuel demand concerns - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 17 July 2022

Oil drops as China's rising COVID cases renew fuel demand concerns

"Oil is opening the week softer as the market digests the demand impact of the rise in new COVID cases in China and as the market cautiously awaits the monumental event risk if Nord Stream 1 gas flow from Russia to Europe will resume later this week," said Stephen Innes, managing partner at SPI Asset Management.

from Commodities-Markets-Economic Times
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