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Oil Price: API and EIA shorten the shadow of declining Chinese imports

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Chinese oil imports - June and July

Chinese oil imports have suffered in June and July and the fall in price of crude oil may, partly, be due to it. The crude oil inventory data, both from the API and EIA, however, managed to lift the mood of the markes and help make a significant recovery this week - so far.

More on ths is here:

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