Oil prices are falling as China's economic slowdown harms demand

According to Reuters, oil prices were neutral on Friday as China's COVID-19 lockdowns dragged on the forecast for petroleum demand, but supply disruption fears stemming from Western sanctions limiting Russia's crude and product exports supported prices.

Brent crude futures were up 15 cents to $107.74 a barrel by 0410 GMT, after gaining 2.1 per cent the day before. On Friday, the front-month June contract will expire. The more....