Oil prices are continuously rising despite the uncertainty surrounding COVID-19, with WTI nearing a two-month high on Friday morning For further research, analysis and trade recommendations, make sure you read this morning’s Global Energy Alert newsletter. From an analysis of Saudi Arabia’s current economic crisis to the latest updates on COVID-19, it truly is a must-read. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 22nd, 2020 The long rally for oil prices came to a halt on Friday over fears about a slower-than-expected economic recovery in China. The Chinese government broke with tradition and declined to set a growth target for 2020 due to “great uncertainty.” Markets were also disappointed with the tepid size of government stimulus from Beijing. Meanwhile, rising U.S.-China tension adds to the concerns. China’s oil imports to rise. Despite questions […]