Oil is getting smashed on the China news too (and other news) | Forexlive
Renewed lockdowns in China will weigh on demand, which is a negative for the black stuff at the margin.
Getting smashed today:
Back at its early 2022 lows.
Early indications from Chinese stock markets are the Shanghai Comp will open 1.5% lower. You can expect to see China’s ‘national team’ buying stocks today to proper it up.
On the supply side, more incoming!