Crude oil prices have rebounded significantly, with trading at $68.65, driven by a weaker U.S. dollar and a rising risk appetite in markets.
However, the sustainability of this rebound is in question due to conflicting factors, including concerns regarding Chinese demand and broader economic challenges.
Weaker dollar makes crude oil more attractive to international buyers, as evident from its role in the recent price increase.
Structural shifts towards electric vehicles and fuel-efficient technologies are applying long-term pressure on China's demand for oil, complicating market recovery.
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