Oil – China weekly flights are 13% above pre-COVID levels

<p>This snippet from ANZ on oil demand in China, some better news:</p><ul><li>signs of strength in China’s jet fuel market are likely to boost sentiment. </li><li>China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August.</li><li> International travel is picking up, with bookings for overseas group tours during the National Day holiday in October more than tripled from a month ago. This comes amid increasing tightness in aviation fuel.</li></ul><p>Worries over Chinese demand have been a key headwind for oil. China demand is looking to be on the up now though. </p>

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