Oil has posted a modest decline in recent days amid signs that supplies are rebounding while concerns linger about demand in China, the world’s biggest crude importer.

Observed exports from Iran have surged to 2.2 million barrels a day this month, and Turkey and Iraq have held a sudden flurry of talks as they seek to restart a major oil pipeline.

Efforts by OPEC+ linchpins Saudi Arabia and Russia to curb production have tightened the market. 

However, the demand outlook in China is clouded, and there are signs US interest rates will need to stay higher for longer to rein in inflation.

So will oil prices rally again?

On Money in the Market, Emaad Akhtar speaks to Kang Wu, Head of Global Demand and Asia Analytics CEO at S&P Global Commodity Insights to find out more.