Business News | China’s Oil Stockpiles Cushion Global Market Volatility Amid Rising Crude Prices: Sparta Commodities’ June Goh

Get latest articles and stories on Business at LatestLY. As Brent crude surged past the $100-per-barrel mark amid renewed geopolitical tensions in West Asia, China’s decision to rely on its vast strategic oil reserves instead of aggressively purchasing crude has helped prevent even sharper spikes in global prices, according to June Goh, Senior Oil Market Analyst at Sparta Commodities.

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