Oil jumps again amid Shanghai reopening
The price of a barrel of Brent crude hit USD 120 earlier in the day on the back of the EU deal, as well as the continued reopening of Shanghai and the better than expected Chinese PMIs. The gradual phasing in of the deal along with the exemptions included prevented the price from rising much higher but ultimately it further tightens a market that's already undersupplied.
The reopenings in China are another major bullish factor for crude prices, for obvio
31-05-2022 16:11 GMT
by Craig Erlam
