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Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel. However, some experts are of the view that this is not just speculation but real purchases driving the prices up. China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. …
Crude Investing News reports crude oil prices regained its momentum to about $45 per barrel.
However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
China is said to be considering buying crude oil as part of its strategy to diversify holdings from US Treasuries. This is to hedge against the risk of US Treasury prices dropping and dollar depreciation in the long run, with the Obama government issuing government bonds worth dollar trillions to finance economic stimulus measures.
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