RE: Brent rising6 Jan 2023 14:28
Looking at the China angle it seems to me they have the milder Omicron strain, like the rest of the World now.
So, logically when they removed the restrictions it would spread like wild fire. That seems to have/be happening.
Also it would hospitalise the most frail, overloading the Hospitals. That seems to be happening too.
However the Omicron version won't put reasonably healthy people in hospital. In fact the most it might do IMHO is keep them off work for a few days. Then they have natural resistance..................
So, unless another more dangerous strain was in China, AND it can out compete the Omicron one IMHO China will not actualy be affected that much as far as the Economy goes. Also it should not last more than several weeks.
I think Brent will be back to $85 soon.
All IMHO