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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (139272)	12/5/2022 8:22:05 AM
From: Goose94	Read Replies (1) of 203026

Crude Oil: gain ground Oil prices are gaining ground – at last check, up almost three per cent for benchmark WTI crude – amid some optimistic signs coming out of China and the OPEC+ cartel. Let’s start with China – key urban centres including industrial and cultural hub Shanghai announces further easing of COVID restrictions over the weekend, taking some steam out of concerns the world’s second-largest economy would revert to strict lockdowns to curb the spread of the virus and thus stymie economic output. Over to the cartel side of things, the OPEC+ alliance is holding the line, maintaining production at current levels rather than taking a hatchet to production quotas as some market participants had feared. BNN.ca

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