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  • Oil Sinks Further as China COVID Concerns outweigh Tightening Supply

    Oil Sinks Further as China COVID Concerns outweigh Tightening Supply0

    Oil prices fell further on Thursday as increasing COVID-19 cases in China brewed more doubts over slowing crude demand, even as data showed U.S. inventories dropped far more than expected and as supply appeared to be tightening. China reported over 20,000 daily new cases this week, its highest rise in roughly seven months. While the

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  • Oil on Edge as Markets weigh Poland Strike, Sluggish Demand

    Oil on Edge as Markets weigh Poland Strike, Sluggish Demand0

    Oil prices fell slightly on Wednesday as investors awaited more clarity on a potential Russian missile strike against Poland, while mixed U.S. inventory data and concerns over slowing Chinese demand also brewed more uncertainty in the market Crude markets were focused squarely on the North Atlantic Treaty Organization’s (NATO) response to a Russian-made missile killing

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