Oil headed for a strong weekly gain, rebounding from a weak start to the year, on China's improving demand outlook and cooling U.S. inflation.
Oil headed for a strong weekly gain, rebounding from a weak start to the year, on China's improving demand outlook and cooling U.S. inflation.
China is ramping up purchases of crude after Beijing issued a fresh round of import allowances, and consumption is poised to surge to a record this year following the nation's dismantling of its COVID Zero policy.
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