![Rising Chinese Imports and Falling Inventories Caused Crude Oil Prices to Soar](https://market-tracker.in/wp-content/uploads/2022/05/CrudeOil-1.jpg)
Rising Chinese Imports and Falling Inventories Caused Crude Oil Prices to Soar
The world’s top oil-consuming countries, China, and the United States both have rising crude oil stockpiles and exports, which has caused a slight increase in crude prices yesterday, which ended at 6606 due to positive demand outlooks. A report by the Energy Information Administration showed that U.S. oil stocks had dropped by 1.4 million barrels…