scorecardresearchOil Edges Up After Plunging Almost 6% on China Demand and Dollar

Oil Edges Up After Plunging Almost 6% on China Demand and Dollar

Updated: 08 Sep 2022, 08:59 AM IST
TL;DR.
Oil edged higher after slumping to an eight-month low, with investors assessing global demand as China pushes on with its Covid Zero policy and central banks tighten monetary policy to fight inflation.
FILE PHOTO: A man collects crude oil from a mini depot at an illegal oil refinery site near river Nun in Nigeria's oil state of Bayelsa November 27, 2012.  REUTERS/Akintunde Akinleye/File Photo

FILE PHOTO: A man collects crude oil from a mini depot at an illegal oil refinery site near river Nun in Nigeria's oil state of Bayelsa November 27, 2012. REUTERS/Akintunde Akinleye/File Photo