“Festive Fever Drives 50% Surge in Used Petrol Car Sales, Highlights Spinny Report”

Oil prices approach $90, but buying momentum is slowing. Limited crude supply and rising premiums highlight scarcity, while the strong U.S. dollar weakens commodity appeal. Despite these headwinds, oil surged 25% since June due to OPEC+ supply cuts by Saudi Arabia and Russia. Traders now focus on China’s Golden Week travel demand, hoping it boosts oil consumption and reignites the rally.

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