Crude Oil Prices Set to Surge as China Demand Closes Price Gap

Crude oil prices are poised for a significant increase according to Amrita Sen, founder of Energy Aspects. In an interview on Bloomberg Television, Sen stated that 'we've been talking about diesel and gasoline prices being super high, and they need to stay high, but I think crude is about to close that gap.'

The Strait of Hormuz disruptions have continued to impact the global oil market, contributing to the ongoing price volatility. However, Sen believes that China's demand for oil will drive prices higher.

'We've been talking about diesel and gasoline prices being super high, and they need to stay high, but I think crude is about to close that gap,' Sen emphasized.