Chinese Oil Demand Rises as Global Prices Exceed $100 Per Barrel

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Chinese oil demand rose significantly in recent weeks, causing Shanghai crude prices to exceed $100 per barrel and trade at a premium to Brent crude. China, the world's largest oil importer, aggressively increased bids for crude from Africa, Canada, and Latin America as Iranian supplies remained blocked by a U.S. blockade and ongoing conflict, including a…

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