Oil
Crude prices are tumbling as China continues to struggle with its fight against COVID and as global recession fears grow as rates surge. China is the key question mark for the crude demand outlook and it seems that reopening momentum will remain elusive. The lockdown of Chengdu, a vital transportation hub, will trigger another massive shock for the Chinese economy.
The mood is risk-off on Wall Street and that is driving the dollar to fresh records, which is also putting added pressure on
01-09-2022 14:31 GMT
by Edward Moya
