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Oil keeps sliding on fears rise in US rates would weaken demand

Slack recovery in the Chinese economy is also weighing on market sentiment, analyst says ....

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Oil slumps as Shanghai lockdown exacerbates fear of weaker demand

By Yuka Obayashi TOKYO (Reuters) - Oil prices tumbled more than $5 on Monday as fears over weaker fuel demand in China grew after financial hub Shanghai ....

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Oil pares earlier gains

Oil pares earlier gains
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Oil prices extend gains after OPEC+ talks called off

Oil prices extend gains after OPEC+ talks called off
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China and Green Energy Drive Copper Prices to Record High

China and Green Energy Drive Copper Prices to Record High
(Nikkei Asia) Analysts are predicting “Dr. Copper” will go on a sustained rally as the China-led global economy shows signs of climbing out of the coronavirus slump, though some long-term investors are adamant about staying away.
The benchmark copper price on the London Metal Exchange in early May hit a record high, at $10,460 a ton, and has since remained above $10,000. Its price had not been near that threshold for a decade; to reach it, it almost doubled in a year.
Market analysts are not surprised.
The leap “was expected,” said Takayuki Honma, chief economist at Sumitomo Corporation Global Research. “Sooner or later the price would have gone above $10,000.” ....

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