Brent – Oil on a rip higher in Asia trade | Forexlive
Oil is priced in US dollars, which has been on the rise for weeks, which makes oil’s super-strong performance even more impressive.
Its on the rise again in Asia following a solid performance on Wednesday:
There is no fresh news catalyst spurring on the rise. The tailwinds for it are well-known:
The (more than) week-long Chinese holiday coming up has been touted as another leg of the support for demand as travel in the country surges.