Crude oil prices drop $100, fears China's lockdown in major cities Fed raises interest rates

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Crude oil prices drop $100, fears China's lockdown in major cities Fed raises interest rates

WTI crude oil prices fell earlier in the week. from concerns about the lockdown in China and the US interest rate hike

On April 25, 2022, Bloomberg reported that West Texasสล็อตออนไลน์Intermediate (WTI) crude futures fell nearly 3 percent to below $100 a barrel. After the Chinese city of Shanghai reported a record daily death toll over the weekend. As Chinese authorities warn that coronavirus is spreading quietly

Gold price today (25 Apr. Sep. 65) moved down 200 baht. Items sold out 31,450 baht.
China, the world's largest crude oil importer. It is facing the worst oil demand situation this month. Since the first days of the coronavirus outbreak

The coronavirus outbreak in China is another factor that has increased volatility in the oil market. which has already been affected by the Russian invasion of Ukraine While the European Union is discussing measures to limit oil imports from Russia.

China has implemented lockdowns in several cities in line with its "COVID Zero" strategy, with residents of Beijing being ordered to submit a three-day coronavirus test, starting Monday. to try to control the outbreak in the area Shanghai is entering its fourth week of strict lockdown.

China's demand for gasoline, diesel and jet fuel in April is expected to drop 20% from the previous year. This means that crude oil consumption has decreased by 1.2 million barrels per day. According to information from Chinese energy industry news sources.

"Stephen Innes" from SP Asset Management said: "Oil prices are falling. due to the impact of Chinese consumption While the US Federal Reserve (Fed) may raise interest rates to support the economic recovery