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China Demand Boosts Oil Prices for the Second Time in a Week

Oil prices are rising for a second consecutive week on a positive outlook for demand from China. The world's second-largest economy is showing signs of recovery, and this is expected to lead to an increase in demand for oil.

Analysts are optimistic that this trend will continue in the coming weeks which could lead to further gains in oil prices.

The positive outlook for demand from China is driven by a number of factors, including a rebound in industrial production and a steady increase in consumer spending. In addition, the Chinese government's efforts to stimulate the economy through infrastructure spending is also expected to boost demand for oil.Overall,the development in China is looking positive and investors are closet watching developments in China to assess the impact on the global markets.

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