Oil Sinks on IMF Global Growth Forecast

The video discusses the IMF's significant reduction in growth outlook, the first since the pandemic, which raises concerns for oil traders. China's lockdowns, being a major oil consumer, contribute to this outlook. Despite a slight decline in oil prices, bullish indicators remain due to supply issues like Libya outages and OPEC's unmet output. The potential EU ban on Russian oil could drive prices to $185 per barrel, though a phased approach might mitigate this impact.

What are the bullish indicators for energy mentioned in the text?

Discuss the potential impact of a ban on Russian oil imports by the EU.