F: Oil prices are running ahead of the fundamentals
FORBES reports: As the pandemic rages, so do oil prices, reaching levels not seen since January ...
One would think that the worldwide “stop the world” moment would have totally collapsed China trade. It hasn’t.
The world still needs China, and still relies on China.
Their trade balance for the month of May hit a record hit $62.9 billion, but that is mainly because China companies were importing less, down 16.7% to be exact, based on Chinese trade figures released on Sunday.
Exports declined by just 3.3% annualized for a total of $206.8 billion. This could have been so ...