China Golden Week holidays coming up – surging travel will boost demand for oil | Forexlive

China will be out on Friday September 29 for a national holiday, and then will also be out on Monday to Friday (inclusive) the following week (October 2 – 6).

ANZ comments on oil implications:

• China’s oil demand is set to get another boost from the Golden Week holiday travels.
• After record air-traffic in July and August, more than 21 million air passengers will be travelling during the upcoming holiday period, according to Bloomberg news.