Oil Prices Bounce Back As Market Demand Recovers ...Middle East

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Oil Prices Bounce Back As Market Demand Recovers
source : OILPRICE ( Middle East ) () 22
President Biden's $1 trillion infrastructure bill did a lot to counter fears of Covid sweeping through China, with oil prices beginning to bounce back. Chart of the Week-     July fuel demand in India rebounded to its highest since April as New Delhi cleared restrictions and lockdowns, netting a 3% month-on-month increase to a total of 16.83 million tons. - The rebound might have been even more pronounced, were it not for fuel prices rising to all-time highs, triggered by a chaotic taxation regime. - In India, petroleum…

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