In Case You Had Any Confusion About Why Oil Is Surging, This Chart Of Chinese Car Sales Should Clear That Up

Don’t just look at the orange chart. Look at the year over year growth of nearly 60%.

Given that China is the marginal buyer of oil, and arguably setting the price with its imports of crude, the connection here is hard to argue. (via Waverly Advisors)

chart

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.