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Oil - China weekly flights are 13% above pre-COVID levels

This snippet from ANZ on oil demand in China, some better news:signs of strength in China’s jet fuel market are likely to boost sentiment. China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August. International travel is picking up, with bookings for overseas group tours during the National Day holiday in October more than tripled from a month ago. This comes amid increasing tightness in aviation fuel.Worries over Chinese demand have been a key headwind for oil. C... Read More

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China

Weekly

Flights

Above

Pre

Covid

Levels

Pre covid

Forex

Posted: Aug 29 2023, 00:44

Author Name: forexlive

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