China buys Russian oil at multi-month low discounts, Oil is rallying because China saying that demand will pick up, they don't give a timeline or amount because its BS but Oil is using it as a reason to rally, my question is will China be buying our Oil or will they be buying Russia cheap Oil when they say demand will pick up, it will most likely mean that they will be buying any extra Oil off of Russia so it won't affect our inventories and will go unnoticed
This is from Dec 8th but I'm using it as a point.
China buys Russian oil at multi-month low discounts, brushes off price cap | Reuters