China September Imports of Crude Oil Rise on Strong Seasonal Demand

Imports Of China

Crude oil imports of China in September rose 10.8% from a year earlier as refiners ramped up output amid stable profit margins and solid fuel demand. China, the world’s top oil importer, brought in 41.24 million tonnes of crude, equivalent to 10.04 million barrels per day (bpd), according to data released by the General Administration of Customs on Monday.

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China September Imports of Crude Oil Rise on Strong Seasonal Demand via @MasterMindUpdate

Crude Oil Futures Fall on Weak Global Cues

mcx crude oil live chart with indicators

Crude oil futures Monday declined 0.57 per cent to Rs 3,654 per barrel, as speculators cut bets to book profits amid weak global cues. On the Multi Commodity Exchange, crude oil for delivery in June contracts fell by Rs 21, or 0.57 per cent, to Rs 3,654 per barrel with a business turnover of 19,578 lots.

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Crude Oil Futures Fall on Weak Global Cues via @MasterMindUpdate