prices dropped early on Friday, as expanding lockdowns in China weighed on market sentiment about immediate global oil demand,
while a stronger U.S. dollar also dragged crude futures down. Expanding lockdowns in China, where as of Friday,
there were 22 million people on lockdown, weighed on the market.
China is grappling with its worst resurgence of the coronavirus since the summer of 2020.
Oil price were also subdued due to the strengthening of the U.S. dollar on Friday'S session as a stronger U.S. currency makes crude buying more expensive for holders of others at this time writing price is trending below its MA'S look for further down trend on oil
while a stronger U.S. dollar also dragged crude futures down. Expanding lockdowns in China, where as of Friday,
there were 22 million people on lockdown, weighed on the market.
China is grappling with its worst resurgence of the coronavirus since the summer of 2020.
Oil price were also subdued due to the strengthening of the U.S. dollar on Friday'S session as a stronger U.S. currency makes crude buying more expensive for holders of others at this time writing price is trending below its MA'S look for further down trend on oil
