A rough couple of days
Oil is slightly higher on Thursday, paring losses from the last couple of days. Prices fell almost 10% over the last couple of days as China's efforts to rapidly transition away from its zero-Covid campaign led to a powerful surge in cases, threatening to disrupt activity in the opening months of the year.
While most would agree that the move should lead to higher, more sustainable growth later in the year, the near-term outlook is clouded by the transition.
05-01-2023 10:32 GMT
by Craig Erlam
