China Covid Protests Weigh On Oil

Growing protests in China against the government’s zero-Covid policy are pressuring oil prices as they spread across the country, casting doubt over the country’s continued oil demand resilience. The latest flare-up of infections sparked a wave of protests across the country over the weekend, and by Monday morning, their effect on oil prices was already evident, with WTI falling below $75 per barrel in morning trade in Asia and Brent crude dropping to $81 per barrel for the first time since January as traders rushed to sell. “On…