Crude oil prices are set to record the longest string of monthly gains since early 2018, Bloomberg reported today, citing the increased price volatility resulting from the war in the Ukraine and Covid lockdowns in China. April is the fifth month in a row that oil prices will end with gains, despite the slips caused by demand uncertainty as China continued to pursue its zero-Covid policy, locking up several large cities. Despite these demand worries, the upside potential for prices remains considerable as the European Union reports progress on an…
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