Energy
$100 Brent Keeping China's Oil Buying in Check, Goldman Says
China's crude oil exports will rise only slightly in the fourth quarter from the third quarter if oil prices remain high, potentially easing the upward pressure on benchmark crude prices, Goldman Sachs says.
AI Summary
Goldman Sachs says that if oil prices stay high, China’s crude oil exports will increase only modestly in the fourth quarter compared with the third quarter, which could reduce upward pressure on benchmark crude prices.
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