Oil choppiness continues
Oil remains choppy with China and the Fed creating a bit more two-way price action amid very tight markets. The risks are certainly more tilted to the upside, given the war in Ukraine and a potential embargo on Russian exports, but lockdowns in China and the risk of a Fed-driven economic slowdown are also significant.
Central banks may be targeting a soft landing while belatedly combating very high inflation but that is very hard to achieve and there are plenty of reas
Apr 22, 2022
by Craig Erlam
