Oil set for 10% weekly drop as demand worries dominate - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Friday, 9 December 2022

Oil set for 10% weekly drop as demand worries dominate

"The EU's oil embargo against Russia and the G7 price cap on Russian oil that came into force at the start of this week have been just as powerless to prevent this as the easing of coronavirus restrictions in China and robust Chinese crude oil imports have," Commerzbank analyst Carsten Fritsch said.

from Commodities-Markets-Economic Times
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