Oil slides as China lockdowns stoke demand fears - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 1 September 2022

Oil slides as China lockdowns stoke demand fears

Asia's factory activity slumped in August as China's zero-COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region's fragile recovery.Southern Chinese tech hub Shenzhen tightened COVID-19 curbs as cases continued to mount, with large events and indoor entertainment suspended for three days in the city's most populous district, Baoan.

from Commodities-Markets-Economic Times
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