IAHL Corporation (IAHL)

[energybuyer]

"Those betting on higher oil prices are basking in the afterglow of the positive macro data out of China," said PVM analyst Stephen Brennock.

In China, activity in the services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived demand, a private sector survey showed on Friday.

Manufacturing activity in China also grew last month, at the fastest pace in more than a decade, reinforcing expectations of a fuel demand recovery. China's seaborne imports of Russian oil are set to hit a record high this month.

The world's top oil importer is becoming increasingly ambitious with its 2023