Oil prices went down on Sunday amid Shanghai authorities announcing the city will go through a lock-down in two stages in order for residents to undergo COVID-19 testing, and the city will be split for the exercise.
The lockdown announcement comes amid a new daily record for asymptomatic COVID-19 infections.
The city of more than 26 million reported 47 new COVID-19 cases that are symptomatic and 2,631 new asymptomatic cases on Saturday. Authorities say that the districts to the east of the Huangpu River, as well as some to the west, will be under a lockdown and will undergo testing from March 28 through April 5, while the other areas will be under a lockdown and will undergo testing from April 1 through April 5.
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