China Golden Week holidays coming up – surging travel will boost demand for oil

<p>China will be out on Friday September 29 for a national holiday, and then will also be out on Monday to Friday (inclusive) the following week (October 2 – 6). </p><p>ANZ comments on oil implications:</p><ul><li>China’s oil demand is set to get another boost from the Golden Week holiday travels. </li><li>After record air-traffic in July and August, more than 21 million air passengers will be travelling during the upcoming holiday period, according to Bloomberg news.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.