Oil Prices Rally on China Data Crude oil prices edged slightly higher on Tuesday amid some signs of stronger demand from China, one of the world’s largest consumers of oil.
“Apparent oil demand in China has continued its run higher over the course of November,” they said.Adding up apparent demand figures for the main refined products, China showed a year-on-year increase in consumption of 717,000 barrels of crude oil a day, according to analysts at JBC Energy.
https://www.wsj.com/articles/oil-prices-rally-on-china-data-1419332393