Really? After what the world’s economies have been through over the last 18 months, I doubt that anyone seriously considers hard lockdowns again. People are at a point where they consider flipping votes if they are any more bothered with this. They are not afraid of the virus anymore. Does that mean the world will go back to normal? Nope, nothing will be normal anymore for a long time but the world still needs a lot of oil to cover its needs.
Oil fell for a fourth day, heading for the longest losing run since March, on the threat to demand from the delta coronavirus variant.