Conceptual photo to show rising crude oil prices
Traders take into account the impact of Covid-19 lockdowns in China and OPEC production cuts on oil prices – Photo: Getty

oil prices were under pressure on Monday as further Covid-19 restrictions in China raised concerns about slowing demand from the world’s second-biggest economy and biggest crude oil importer – but there are still reasons to be optimistic as OPEC’s latest output cut weighed against battling the bearish market sentiment.

Brent crude oil price chart

At the time of writing, Brent Crude oil futures fell 2.10% on…

Source link