
By Barani Krishnan
Investing.com — OPEC+ may hold the reins of the global oil supply, but it’s the bears in the market that seem to be prevailing in setting crude prices lately — no thanks to China’s Covid situation.
London-traded Brent, the global benchmark for oil, broke below $90 a barrel for the first time since October, while New York-traded West Texas Intermediate crude was less than $2 above key $80-a-barrel support, though the…