Chinese Demand Destruction Counters The Risk Of A Russian Oil Ban - Yahoo Finance


4/15/2022 12:00:00 AM3 yearsago
by Editor OilPrice.com

Uncertainty and volatility remain the two buzzwords in today's oil markets as the demand destruction caused by Covid lockdowns in China counter the supply...

While lockdowns in China are causing significant demand destruction and adding downward pressure to oil prices, the EU's threat to ban Russian oil imports has the potential to send prices significant… [+5342 chars]

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