Oil prices were largely unchanged over the last five trading sessions despite strong volatility. On Monday and Tuesday, WTI plummeted almost 10% on demand concerns over the ongoing COVID-19 restrictions in China and global recession chatter, but the U.S. benchmark quickly recouped losses in the following days to end the week roughly flat around $110.00 per barrel. Looking ahead, the outlook for crude remains constructive amid tight market conditions. First, China has signaled that the Shanghai’s lockdowns could end soon, possibly around May 20, the date by which health authorities aim to halt community spread of the ... (full story)