China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
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Source: CNBC
Published: 2026-06-08 21:38 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Asia, Military & Defence, Iran, Energy, Economy & Finance, China, Financial Markets, World News, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
A rapid reduction in Chinese crude imports has helped stop oil from trading even higher since the outbreak of the U.S.-Iran war — but analysts warn that price rises will be needed as market balance is gradually restored.
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