Title: StockWatch: Shanghai Lockdown Halts Oil Ascent!
Post by: PocketOption on Mar 30, 2022, 05:36 am
Post by: PocketOption on Mar 30, 2022, 05:36 am
StockWatch: Shanghai Lockdown Halts Oil Ascent!
Source: StockWatch: Shanghai Lockdown Halts Oil Ascent! (https://www.orbex.com/blog/en/2022/03/stockwatch-shanghai-lockdown-halts-oil-ascent)
Oil has fallen over $5 over weaker fuel demand as Shanghai launched a two-stage lockdown to contain a surge in Covid-19 infections.
However, oil markets could turn bullish when OPEC meets on Thursday.
As the largest global crude importer pushes for zero Covid, what is next in store for the black gold?
Timestamps:
- WTI 02:00
- XAUUSD 03:45
Trade over 200 of the hottest stock CFDs with spreads starting from 0.0 pips - Open your Orbex account today!
The post StockWatch: Shanghai Lockdown Halts Oil Ascent! appeared first on Orbex Forex Trading Blog.
Source: StockWatch: Shanghai Lockdown Halts Oil Ascent! (https://www.orbex.com/blog/en/2022/03/stockwatch-shanghai-lockdown-halts-oil-ascent)