Investors are expecting a strong economic rebound from China after they top out the problems derived from the health crisis of the Covid-19 outbreak that forced the authorities to redouble the confinements in various regions of the country.
Prices moved higher after the Department of Labor reported that consumer prices in the United States fell for the sixth consecutive month and December will show a deflation of 0.1%bringing the 2022 annual rate to 6.5% below the 7.1% annual rate recorded in November.
For its part, the Republican-controlled House of Representatives voted to block the sale of US oil reserves to China.
The bill, one of the first introduced by the new Republican majority, would prohibit the Department of Energy from selling crude from the Strategic Petroleum Reserve (SRP) to companies belonging to or under the influence of the Chinese Communist Party.
The initiative was approved unanimously by the Republicans, and the support of a large bloc of Democrats.
Biden withdrew 180 million barrels from the strategic reserve last year in a bid to stem rising gasoline prices amid OPEC production cuts and a ban on Russian oil imports following Russia’s invasion. to Ukraine.
The Energy Information Administration (EIA) reported today that the upcoming ban on maritime imports of petroleum products from Russia, which takes effect on February 5, could be more damaging than the European Union one of December 2022. .
Source: Ambito
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