Brent crude futures fell 27 cents, or 0.3%, to $92.87 a barrel by 0416 GMT after settling down 3% on Monday. U.S. West Texas Intermediate crude was at $85.37 a barrel, down 50 cents, or 0.6%, after tumbling 3.5% in the previous session.
"Rolling lockdowns across heavily populated areas in China penalize mobility and oil demand even more than economic activity," said Stephen Innes, managing partner at SPI Asset Management, in a note. "The market is currently defying looming supply risks, despite expectations that the latest demand downgrade could be supply-negative for OPEC oil output," analysts from ANZ Research said in a note, referring to imminent European Union sanctions on Russian oil exports.
BIAFRA OILS LOL😂😡
Endoil Biden2024
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Asia shares mixed while oil falls on China COVID outlookAsian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.
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Oil reverses gains, falls on China COVID surge, firmer dollarOil prices pared earlier gains and fell on Monday, dragged down by a firmer U.S. dollar and record high coronavirus cases in major Chinese cities that dashed hopes of the reopening of the economy of the world's biggest crude importer.
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China's COVID policies, wholesale inflation to drive oil this week
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Yellen to seek clarity from China on COVID, property -officialsU.S. Treasury Secretary Janet Yellen will seek clarity on China's plans to ease its COVID-19 restrictions and deal with problems in its property sector when she meets on Monday with China's central bank chief, Treasury officials said on Sunday. This is a psychological pandemic that is being conducted by the WEF through the science™/ scientists™/experts™/fact-checkers™. I'd have more faith walking down the streets of Wuhan, China licking doorknobs than I would listening to what Janet Yellen has to say. She's a WEF puppet and fraud. Oh, I’m sure China will provide clarity now that Yellen seeks it. 🙄
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China COVID numbers rise, as cities cut back on testingChina's COVID cases rose further on Tuesday, including in the capital Beijing, even as many cities scaled back routine testing after authorities announced measures last week aimed at easing the impact of the country's heavy coronavirus curbs. WHO GIVES A FLYING FUC* We are fed up with nonsense Chillll
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