Oil getting sold off - back on approach to its low of yesterday

[forex4you]

Oil getting sold off - back on approach to its low of yesterday

<p>I'm not seeing anything new on oil. </p><p>Earlier I had this, but this, which would be OPEC wanting to pump the price up, not down:</p><ul><li><a href="https://www.forexlive.com/news/head-of-opec-said-ready-to-intervene-in-the-oil-market-20221116/" target="_blank" data-article-link="true">Head of OPEC said ready to intervene in the oil market</a></li></ul><p>COVID cases in China continue to rise, this is a negative for oil demand. Chinese authorities have said they want a more targeted approach to restrictions, but then you get this guff in the tabloids in China:</p><ul><li><a href="https://www.forexlive.com/news/chinese-media-says-china-can-hit-zero-covid-20221116/" target="_blank" data-article-link="true">Chinese media says China can hit zero-COVID</a></li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Oil getting sold off - back on approach to its low of yesterday

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