Brent prices fell below $90 a barrel last week to their lowest level since January amid fears that China’s widening mobility restrictions and aggressive central bank rate hikes will weigh on global energy demand. But while we believe China’s zero-COVID strategy could delay oil demand recovery, we still believe that overall tightness in global supply will ensure prices remain supported in the short to medium term.
Mark Haefele, Chief Investment Officer at UBS Global Wealth Management,…
