Plummeting temperatures in China add more pressue on crude oil markets - when forecast was a warmer winter!

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Chinese plummeting temeratures and oil price

Defying the pundits who forecast a warmer winter, China is experiencing a sever cold snap, covering over 90% of the vast nation. Undobtedly, it adds more pressure on the energy sector that cascades down to coal, gas and in the end the crude oil supply - and their corresponding prices in global markets.

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