What are the potential impacts? The global crude oil market is experiencing a sustained surge, with prices on track for their third consecutive weekly gain. This bullish momentum is primarily attributed to robust economic data emerging from China, coupled with reports of record-breaking oil consumption. The implications of this upward trend are multifaceted and warrant a closer examination of the factors contributing to it, as well as the potential consequences for various stakeholders. [USD]  Crude Oil Updates China, the world's second-largest crude oil consumer, has emerged as a significant driver behind the recent surge in oil prices. The country's economic indicators, including industrial output and retail sales, have exceeded expectations, indicating a stabilization of the econom