Is Chinese Demand Growth Now The Only Bullish Driver For Crude? ...Middle East

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Is Chinese Demand Growth Now The Only Bullish Driver For Crude?
source : OILPRICE ( Middle East ) () 44
China’s recovery is underway, and many anticipate that China’s recovery will mean calls for additional crude oil, bolstering oil prices. But China’s economic reemergence is anything but a sure thing when it comes to oil demand and prices. Household consumption, factory activity, and infrastructure spending all rose in the first two months of the year, showing that the world’s top crude oil importer has started to shake off the weak activity from the zero-Covid policy. But uncertainty in the global economy threatens to weaken…

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