103
Net drop in the start of the octave for oil prices. The WTI has come to mark over -3% in the 101 dollars area, while the Brent is about 104 dollars. Still weighing are fears over weak economic growth in China, the world‘s largest oil importer, and fears that supply could be hampered by a potential EU ban on Russian crude.
The latest Chinese data indicate in April the manufacturing PMI contracted for the second consecutive month and travels to the lowest level since February 2020 due to the COVID blockade.