Bearish sentiments on oil demand coming from renewed COVID lockdowns in China that shaved $4 off oil prices early on Monday failed to maintain traction, with sweeping production outages in Libya and other bullish drivers stealing the day. By 1:37 p.m. EST, Brent crude prices had pushed their way back up to nearly $123 per barrel, with WTI trading at over $121. Early Monday saw oil prices drop as COVID concerns added to fears that a rebound in Chinese demand would take longer. Bearish sentiment was also forming as a result of concerns…
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