Oil Prices: Will Shanghai Re-Open?

Update: Follow-Up: "Oil Prices Surge Past $113 As Shanghai Signals End Of Lockdown"

Original post:

WTI   $108.28

Brent $109.08

From Bloomberg's Javier Blas, a possible countervailing force to offset today's economic releases and support commodities:

OIL MARKET: Shanghai, which has been under lockdown for about 6 weeks, will start to reopen on Monday. If the re-opening actually do happen, the extra oil demand will come at the worst possible time as Russian crude supply drops | #OOTT https://t.co/py3xSAREhj

— Javier Blas (@JavierBlas) May 15, 2022

Earlier today: 

Very Weak Numbers From China

If interested see also May 12's "Copper: It Is All About China's Economy"