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StockWatch: Shanghai Lockdown Halts Oil Ascent!

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Oil has fallen over $5 over weaker fuel demand as Shanghai launched a two-stage lockdown to contain a surge in Covid-19 infections.

However, oil markets could turn bullish when OPEC meets on Thursday.

As the largest global crude importer pushes for zero Covid, what is next in store for the black gold?

Timestamps:

  • WTI 02:00
  • XAUUSD 03:45

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