🛢️ Refineries in India and China—two of the world’s top oil importers—are boosting spot purchases of Middle Eastern crude, driving prices upward, reports Bloomberg. Increased demand from Asia is tightening the market, sending benchmark prices higher as refiners take advantage of favorable margins and rising domestic fuel consumption. The surge highlights shifting trade flows and growing appetite for Persian Gulf supplies amid global supply adjustments. This buying momentum could support firmer crude pricing in the near term, especially if restocking continues at pace. #OilMarket #CrudeOil #EnergyTrends
Crypto News
