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StockWatch: Shanghai Lockdown Halts Oil Ascent!

Started by PocketOption, Mar 30, 2022, 05:36 am

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PocketOption

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


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Source: StockWatch: Shanghai Lockdown Halts Oil Ascent!