Chinese oil demand on recovery track, pushing prices higher

But global outlook remains bleak as lockdowns and travel bans stay in place

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The roads in Wuhan are again filled with cars after the lockdown was lifted on April 14.  © Reuters

RYOSUKE HANAFUSA, Nikkei Asian Review assistant politics & economy news editor, and CK TAN, Nikkei staff writer

Tokyo/ Shanghai -- Oil demand in China, the second largest market in the world, is returning to pre-pandemic levels, with prices on the rise, even as the global outlook for the commodity remains bleak.

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