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

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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.

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