CNBC September 12, 2026 • 12:40

Oil's roundtrip back to $100. Why China could determine what happens next - CNBC

By Spencer Kimball

The U.S. crude oil price on Thursday topped $102 per barrel for its highest close since May.

China will play a pivotal role in deciding whether oil prices sustain this week's rally and potentially test wartime highs.
The U.S. crude oil price on Thursday topped $102 per barrel for its highes… [+3613 chars]

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Oil's roundtrip back to $100. Why China could determine what happens next - CNBC

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