Source: CNBC International TV News Agency
1 week ago
General Medium Importance
China's return to the oil market could push crude prices higher: Analyst

China's return to the oil market could push crude prices higher: Analyst

Clay Seigle, Nonresident Scholar at Energy Security, says China's pullback in crude buying helped keep a lid on oil prices during the conflict, but its return to the market is now adding upward pressure. He says prolonged energy disruptions could trigger further policy intervention, while higher oil prices pose a major headwind to a more dovish Federal Reserve.
Source: CNBC International TV
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