Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Chinese oil demand booming
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Wednesday, May 13, 2009
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From Clusterstock:

Fresh reports about an increase in Chinese demand for oil drove the price to a six month high, as it closed at $58.88 today.

The red state increased its crude oil imports by 14% in April, and deliveries hit 3.9 million barrels a day, according to the Chinese government (via Bloomberg.) The numbers shocked traders who weren't expecting such a big jump.

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More posts in China's recovery:

Soros: China will overtake the U.S. as "economic freefall has been stopped"

China's iron ore imports exploded last month

China momentum trade jumps big to 8-month high

Topics: China | Energy | Commodities
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