Last week, oil prices dropped on concerns that Chinese demand might begin to slip.
It appears those concerns are going to be short lived.
According to a report by the IMF this morning, Chinese GDP will rebound strongly to 8.8% in 2013, up from a dip to 8.2% in 2012, propelled largely by increased domestic consumer consumption.
That's important to note since the Chinese also need reliable energy sources to continue this remarkable, ongoing boom.
After all, China needs to procure oil supplies from around the globe to facilitate this sort of growth.