West Texas Intermediate held above $80 a barrel in early Asian trading after swinging in a $5 arc in the week’s opening session. Prices had plunged following a report that OPEC+ was considering an output hike, then recovered to end little changed after Saudi ArabiaCrude-consumption trends in China remain in the spotlight as repeated Covid-19 outbreaks prompt officials to press on with lockdowns and movement curbs.
. The raft of measures is intended to step up pressure on Moscow for the war in Ukraine, while simultaneously avoiding an inflationary spike in crude prices.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Business Maverick: Stocks drop amid China Covid worries, Fed rate: markets wrapStocks and emerging-market currencies decline in Asia amid concern that China may tighten Covid curbs after reported deaths, and as investors weigh the outlook for US rate hikes.
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