Oil Prices May Yet End the Week on a High Note ...Middle East

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Oil Prices May Yet End the Week on a High Note
source : OILPRICE ( Middle East ) () 45
Crude oil prices have been stuck between bearish and bullish news this week, booking a modest decline over the four days to Thursday. This could yet change later today, resulting in another week of gains for benchmarks. On the other hand, the bearish sentiment may prevail. On that side, the focus has been on Chinese demand, which CNPC said this week is about to enter a period of depression. According to the president of CNPC’s research arm, EVs and LNG-powered trucks would displace between 10% and 12% of China’s gasoline and diesel…

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