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Commodity Market: WTI Crude Oil heads for third week of losses amid China demand fears, Russia oil price cap developments

November 25, 2022 11:04 am
Futures on US West Texas Intermediate Crude Oil rose 2% on Friday, as investors were weighing concerns over China demand and developments surrounding a Western price cap on Russian oil. According to Virendra Chauhan, head APAC analyst at Energy Aspects, concerns over Chinese oil demand, thin market liquidity as well as assessments over how severe […] Read more