Shanghai Shutdown Dents The Oil Price, While Investors Take A Wait And See Approach Over Ukraine
”China’s zero tolerance covid strategy is causing fresh nervousness about supply chain issues and a slowdown for some sectors with the Shanghai shutdown prompting a fall in the oil price. A barrel of Brent crude dipped by around 3% after tough restrictions were put on the financial and manufacturing hub. 25 million people are facing lockdown in two stages, while mass testing is carried out, with factories ordered to shut down and working from home orders imposed. Q4 2021 hedge fund letters, conferences and more FTSE 100 Shrugs Off Shanghai ShutdownThe FTSE 100 has largely shrugged off the conc...