Oil Edges Lower With China Unrest Rippling Through World Markets

Oil’s recent leg lower is the latest twist in what’s been a tumultuous year, with volatility driven by the war in Ukraine, aggressive central bank tightening to combat inflation, and China’s relentless attempts to eradicate Covid-19. In recent days, European Union diplomats have been locked in talks over cap on Russian crude prices, with negotiations set to resume later on Monday.

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