Oil prices have come under a bit of pressure in early morning trading in Asia today. NYMEX WTI is trading down around 1% at the time of writing. A rise in Covid cases in Shanghai will not be helping sentiment, particularly given that China continues to pursue its zero-Covid policy, which creates a fair amount of demand risk for the market. In addition to demand worries, concerns over Kazakhstan's oil supply have eased after a Russian court said that oil flows through the CPC terminal on the Russian Black Sea coast can continue. A lower court had previously said oil flows should be suspended for 30 days due to ... (full story)