Oil Bulls Buoyed by Chinese Traffic Jams and Busy Factories
Oil Bulls Buoyed by Chinese Traffic Jams and Busy Factories Bloomberg 1 hr ago Bloomberg News © Bloomberg Oil storage tanks are seen in this aerial photograph taken on the outskirts of Ningbo, Zhejiang Province, China, on Wednesday, April 22, 2020. (Bloomberg) -- Chinese traffic and factory activity is not only back to normal, it’s surpassing pre-virus levels, underpinning the global oil demand recovery. Popular Searches The robust consumption from China -- the world’s biggest crude importer that’s also on track to become the No. 1 refiner this year -- offers suppor...
Source: msn.com