China Stockpiling Offers Short-Term Reprieve for Oil

Light crude oil futures climbed 4.52% this week as of Thursday, reflecting a mix of supportive and limiting factors that shaped market activity. Key drivers included Chinese economic policy changes, Middle Eastern unrest, U.S. inventory levels, and global supply forecasts. China’s Economic Policies Stoke Demand Optimism China’s announcement of a "moderately loose" monetary policy boosted expectations for higher crude demand. This marked the country’s first easing of monetary policy in over a decade, aimed at addressing weak economic…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com