Oil Extends Losses on China Demand Concerns

The video discusses the impact of recent lockdowns in Shanghai and other Chinese cities on global oil demand, highlighting concerns about reduced mobility and potential wider restrictions. It also covers expectations from the upcoming OPEC+ meeting, where a modest production increase is anticipated, but with caution due to market balance concerns.

How are traders reacting to the news of lockdowns in China?

What is the expected outcome of the OPEC plus meeting in relation to oil production?