Escalating Protests In China Add To Oil Market Volatility

Protests in a Chinese city escalated this week, with protesters clashing with the police in Guangzhou amid the growing frustration with lockdowns. According to a Reuters report, footage shared on social media suggests protesters are being arrested and targeted with tear gas. Protests erupted over the weekend and have escalated, according to reports and videos published on social media.

This has weighed on oil prices, causing a sharp drop in benchmarks ahead of this Sunday’s OPEC+ meeting. “On top of growing concerns about weaker fuel…