>China's reduction of crude oil imports helped stop prices from reaching $200 a barrel, but it hasn't started buying again in the same amounts as before.>If China buys oil again with gusto, prices will probably rise toward $80 a barrel, but if it doesn't, prices could stay lower, possibly in the $60-$65 range.>China's future oil purchases could determine the oil price for years and have implications for inflation, interest rates, and the economy, with its current low imports potentially leading to billions of dollars less going to top OPEC+ producers.https://archive.vn/JroFT
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