Oil Market Bright Spot Gets Dimmed by Korea, China Supply Surge
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South Korea and China just served oil traders with a little reminder that one the market’s brighter trades -- diesel -- is far from a one-way bet.
Combined exports from the two nations soared to an all-time high of about 34 million barrels in January, according to government data. South Korea’s shipments surge was the most eye-catching, reaching a record 20 million barrels.