By Royce Vargheese Joseph WTI Crude oil futures ended the previous week at $86.87 per bbl, down by 6.7%, amid prospects of a global economic slowdown and demand sapping lockdowns from the world’s second-largest consumer China. Oil fell by more than 20% in the last three months, erasing all of the gains since Russia’s late invasion of Ukraine. China continues to abide by the zero covid policy and China’s biggest cities from Shenzhen to Dalian are imposing lockdowns to curb COVID-19 outbreaks at a time when the world’s second-biggest economy is already experiencing weak growth. EIA inventory data showed that …
