Oil is getting a lift from the new economy-support policies in China<p>I posted earlier in the session on the new plan coming to support the nearly-dead property sector in China. This is in addition to China's 20-point plan to deal with COVID in a more targeted way, not the slash-and-burn lockdown imposed across cities of millions when a handful of cases were found. </p><p>Links here:</p><ul><li><a href="https://www.forexlive.com/news/china-to-open-monday-with-a-20pt-plan-to-optimize-covid-policy-16-pointer-for-property-20221114/" rel="follow" target="_self" class="article-link vertical-align-baseline">China to open Monday with a 20pt plan to optimize COVID policy, 16 pointer for property</a></li></ul><p>The new COVID policies will be put to the test with the latest outbreaks seeing, for example, Beijing reporting its highest local case count in more than a year today (404 reported for November 12).</p><p>Oil is ticking higher in the new week's trade on the outlook for improved demand out of China:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Oil is getting a lift from the new economy-support policies in China (https://forexlive.com/news/oil-is-getting-a-lift-from-the-new-economy-support-policies-in-china-20221114/https://forexlive.com/news/oil-is-getting-a-lift-from-the-new-economy-support-policies-in-china-20221114/)
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