China’s demand for crude oil imports and the pace of its refined products exports will help shape the trend in oil prices through the end of the year, alongside the supply disruptions in the Middle East.   Decade-low Chinese crude oil imports have eased upward pressure on oil prices in recent months despite the worst supply disruption in the history of oil markets. China’s tumbling demand for crude oil imports was the key demand-side factor in capping the price hikes since the Iran war began.  The market is now increasingly…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.