Bloomberg | Higher Oil Prices May Not Be So Temporary Bloomberg The significant -- and surprising -- midyear crude oil price selloff was triggered at the beginning of June by China's Caixin PMI for May, which showed a contraction in monthly manufacturing activity for small and medium-sized manufacturers. The risk ... Oil heads higher on strong Chinese crude imports and Iran uncertainty Oil rises on tighter US market, strong China imports Oil set for weekly gain on rebalancing signs from U.S. to China - Houston Chronicle |