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China's success in combating the new Covid-19 outbreak soothes the battered investor spirit - to some extent

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Chinese covid infection in August

Chinese recovery from the latest outbreak of the Delta variant appears to be a ray of hope for the battered oil markets, which saw the worst monthly drop in oil price for moths, in August.The recovery of the price since Wednesay can be partially attributed to the Chinese success on this front, when we see the gloom elsewhere and the OPEC+ warns about a surplus in the coming months. If the price goes through the roof again, things can reverse, though - according to the recent Chinese economic data.

For more on that, please read here:

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