The Kremlin ruler’s efforts to restore Russian dominance over its neighbors seem further away than ever as nations build ties with rival powers.
Oil headed for a monthly loss as traders waited for more clues on the outlook for Chinese energy demand, a policy decision from the US Federal Reserve, and the latest guidance from cautious OPEC+ producers.
Oil turned lower at the start of the week as many commodities failed to register gains on China’s reopening after the Lunar New Year break even as the nation moves beyond the shackles of Covid Zero.
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