Markets pricing in recession risk
Matein Khalid The mini crash in crude oil in Asia was triggered by the rumour that China’s zero Covid policy means that Beijing will join Shanghai, the world’s largest port and the PRC’s financial capital, in a draconian lockdown that will gut demand for petroleum products in the world’s second largest oil importer. Brent has fallen almost $40 from its post-Ukraine invasion high and it’s evident that […]