Friday, February 15, 2013

The Impact Still Strong Chinese Import Data Supported The Oil

 Dampak Data Impor China Masih Kuat Topang Minyak

Monexnews-U.S. crude Contracts moved up in thin early trade Asian session, building optimism Friday after a request from China lifted in January. Brent oil contract was moving up over $ 120/barrel to its highest level Friday since May. The Data showed a rise in crude oil imports in January by as much as 7.4% per year and the 6.3% per month.

"Although there was a rise in crude oil imports which is quite memorable, soaring imports of consistently moving along with the refinery's capacity in China, with about 540,000 barrels per day in the final quarter of 2012," ANZ said. WTI-Brent contract rose $ 1.70/barrels a day last Friday and currently at $ 23. NYMEX oil contract for March rose 5 cents at $ 95.77 a barrel; the brent contract for March rose 7 cents at $ 118.97.

(AR)



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Title Post: The Impact Still Strong Chinese Import Data Supported The Oil
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Author: Mohammad Zulfi Satriawan

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