Oil slips and bitcoin jumps as Shanghai Covid lockdown rekindles supply chain fears

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Oil slips and bitcoin jumps as Shanghai Covid lockdown rekindles supply chain fears
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A snap lockdown of 26 million residents in Shanghai took the heat out of a seemingly inexorable rise in oil prices today, sending Brent crude down more than 3%

100 largely shrugged off the concerns with mining stocks rising, but energy heavyweights BP and Shell has a muted session.The FTSE was up slightly, 31.95 points higher at 7,515.30.

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