Weaker demand fundamentals have dampened upside momentum for crude oil. Declining volatility and narrower intra-day trading ranges point at slowing bullish momentum for crude. Standard Chartered: lockdowns in China will dent oil demand in April and May, but may not last much longer. Anyone banking on more upside momentum for oil prices may be disappointed going forward, with a holding pattern now being determined by rising concerns over demand coupled with releases from strategic petroleum reserves. Oil prices have fallen particularly sharply over the past week as traders worry that China’s oil demand will take a big hit from reinstated lockdowns. Brent blend for June delivery fell USD 10.84/bbl w/w to settle at USD 102.32/bbl, while WTI for June delivery fell USD 9.07/bbl to USD 98.54/bbl. Values were more robust along the curve, with Brent for […]