China restocks oil as prices slump a third day

China the world’s top oil buyer added a staggering 37 million barrels of oil to its storage tanks in the first nine days of November, a rebound from September and October, when stockpiles fell by more than 120 million barrels, according to commodities intelligence firm Orbital Insight Inc. The drawdown coincided with China in October…

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The post China restocks oil as prices slump a third day appeared first on BusinessDay : News you can trust.

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Author: Editor