Goldman Sachs eyeing the lockdowns coming around again in China. Cuts Brent forecast to US$100 / bbl.
Earlier posts on these:
- Beijing's most populous district urges residents to stay at home - COVID outbreak
- China COVID update - a district in Guangzhou has imposed a 5-day lockdown
The worry over lockdowns in China for oil markets is the lower demand that results.
Goldman Sachs also citing increased flows of oil from Russia ahead of EU curbs and the price cap.