The latest round of weak services data from China have added to concerns that growth in the world's second-largest economy was stuttering.
But any slowdown won't have a long term effect on the price of oil, says Malcolm Graham-Wood, founding partner at Hydrocarbon Capital, who believes China's increasing appetite for cars will help the energy markets.
Headline growth across the globe is seen as one of the key drivers of oil prices with economic expansion seen as bullish for demand as more and more people take a visit to the pump. China is seen as key in this demand picture with a blossoming middle class expected to invest heavily in the automobile sector.
"There's a one year waiting list for a decent car in China. It's like 15 years ago when we went from bicycles to motorbikes, and people don't understand that," Graham-Wood told CNBC Monday.
The world's second largest economy is so connected to the price of Brent Crude, according to Graham-Wood that he explained that if investors are gloomy about China then "you need to be gloomy about the oil price".
Brent crude rose above over $107 a barrel on Monday, bouncing back from its biggest weekly fall in six months. U.S. crude gained 42 cents to $94.39 a barrel by Monday morning. The contract posted its biggest weekly drop since June 2012.