WoodMac: Oil Prices Could Surprise To The Upside With China’s Reopening  ...Middle East

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WoodMac: Oil Prices Could Surprise To The Upside With China’s Reopening 
source : OILPRICE ( Middle East ) () 54
China’s economic growth could exceed official targets and consumer mobility and spending could surge after the reopening to super-charge a renewed increase in energy commodity prices, especially crude oil, Wood Mackenzie said in a new report on Thursday.   “Our scenario is bullish for all commodities. Finely balanced markets for oil, LNG, and coal are leveraged to a super-charged Chinese bounce,” WoodMac’s analysts wrote. Crude oil will be a big winner of the Chinese reopening, with prices set to increase, they noted.…

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