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Low Prices Spark Biggest Surge In Chinese Crude Imports Ever

Tuesday, January 13, 2015 10:58
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(Before It's News)

Chinese crude oil imports surged by almost 5 million barrels in December – the most on record. This 19.5% surge MoM (and 13.4% YoY) indicates significant efforts to fill the nation's strategic reserve but – absent this 'artificial' demand – spells problems for an already over-supplied global oil market …. http://www.zerohedge.com




Source: http://luismmx.blogspot.com/2015/01/low-prices-spark-biggest-surge-in.html

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