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Nov 3, 2022 · NEW YORK, Nov 3 (Reuters) - Oil prices slid about 2% on Thursday as China stood by its zero-COVID policy and an increase in U.S. interest rates pushed up the dollar, raising fears of a global...
Aug 22, 2023 · Economic risks in China are mounting, peak summer driving season in the United States is ending, and non-OPEC supply has been more resilient than many anticipated. Since the Federal Reserve began to hike interest rates in March 2022 to contain inflation, the oil market has been preoccupied with risks to growth in advanced economies.
Dec 6, 2022 · At a Glance. China is the world’s second-largest economy and the biggest crude importer. Earlier in 2022, crude oil was in backwardation. In November, the powerful influence of China on oil prices was on full display as fears of economic weakness associated with the maintenance of its zero-COVID policy shook markets.
Apr 13, 2022 · April 13, 2022. The International Energy Agency said Wednesday that Covid lockdowns in China were likely to sharply cut the growth in demand for oil in that country, potentially easing a...
Nov 17, 2022 · Oil prices fell more than 3% on Thursday, with demand squeezed by mounting COVID-19 cases in China and fears of more aggressive hikes in U.S. interest rates. Brent crude fell $2.81 to settle...
Nov 18, 2022 · China has had an outsize impact on oil prices over the last two decades because it has been the world’s fastest-growing large economy, and because it imports most of the oil it uses....
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Nov 28, 2022 · The latest dip follows renewed concerns about demand for oil from the world’s largest oil importer China as the country continues to pursue a strict zero-Covid policy, with Brent already...
