China’s Reopening May Not Lead To A Major Jump In Oil Prices

China has undergone three distinct phases in its reaction to COVID-19 since the Wuhan Municipal Health Commission reported the first small cluster of cases of ‘pneumonia’ in Wuhan city in Hubei Province on 31 December 2019. The first phase was the quick implementation of the ‘zero-COVID’ policy that allowed for the fast economic bounce back of China in just the second quarter of 2020. This was a time when elsewhere more than 3.9 billion people in more than 90 countries or territories having been asked or ordered…