It may be the year of the Fire Rooster on the Chinese calendar, but for China and the rest of the Asian block, it is going to be the year or decade of crude oil. Oil prices hit a three-week high as the market focused on rising oil demand expectations and dwindling global oil inventories. While U.S. oil demand slipped a bit for seasonal reasons, a report that India’s oil demand will soar gave the bulls some more reasons to be bullish.