China Crude Imports Rise to Eight-Month High on Refining
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China’s crude oil imports rose to the highest level in eight months in January as refineries boosted runs amid signs of an economic recovery.
China bought 24.87 million metric tons of crude more than it exported last month, according to figures released on the website of the Beijing-based General Administration of Customs today. That’s equivalent to 5.88 million barrels a day, the most since May, data compiled by Bloomberg show.