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Chinese Refiners Go on Buying Spree as Oil Too Cheap to Ignore

  • Independent processors take advantage of plunging spot prices
  • Traders said too early to tell if buying signals demand u-turn
MOL Hungarian Oil & Gas Plc Refinery As Oil Trades Near Three-Month High
Photographer: Akos Stiller/Bloomberg
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A sudden oil buying spree by China’s independent refiners has taken Asian traders by surprise.