WTI hitting the ceiling
"Lower growth forecasts and slower Chinese growth at the end of the first quarter amid lockdowns appear to have driven the bulk of the move," said Craig Erlam, senior market analyst at OANDA.
China’s top disease control official, said current vaccines offer low protection against the coronavirus.
“Even with air and ocean ports open, the length of the shutdown could make this iteration the most significant logistics disruption since the start of the pandemic,” the shipping company Freightos wrote.
At least 373 million people—in cities that represent roughly 40% of China’s gross domestic product—have been affected by the most recent wave of lockdowns across China, Reuters reported last week.
China will be SuperJail unless they scrap their zero covid strategy. youtu.be/wvSHhm6R7dQ
China’s top disease control official, said current vaccines offer low protection against the coronavirus.
“Even with air and ocean ports open, the length of the shutdown could make this iteration the most significant logistics disruption since the start of the pandemic,” the shipping company Freightos wrote.
At least 373 million people—in cities that represent roughly 40% of China’s gross domestic product—have been affected by the most recent wave of lockdowns across China, Reuters reported last week.
China will be SuperJail unless they scrap their zero covid strategy. youtu.be/wvSHhm6R7dQ
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