Bank of America Corporation CEO Brian Moynihan said on Tuesday, during an interview with CNN, that China’s most recent shutdowns of areas hit with the COVID-19 virus will cause further obstruction of supply chains. “We’re all concerned about it,” Moynihan stated, adding that from an economic perspective these shutdowns are likely to cause world disruptions. Meanwhile, commenting on the current situation in the United States, Moynihan asserted that the country’s economy is “holding better than the rest of the world.” NN: I am adamant… In the SHORT term oil prices will plunge as covid shuts down the Chinese economy till spring!