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China’s Road Traffic Remains Elevated: BNEF

OIL PRODUCTS

China’s traffic levels climbed by another 2% in the week to July 3, according to BNEF.

  • This follows a similar uptake during the prior week.
  • The gradual recovery in congestion continues after a slump in early June due to the Dragon Boat festival.
  • Looking ahead, if traffic levels follow previous years, July will see a gradual decline in the weeks ahead as China starts its summer season.

Source: BNEF

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