Markets

The Energy Report - China Rocking

While the weather in China is very cold it appears that its economy is starting to get red hot. China's export growth exploded risng 14% in the month of December. Because of that petroleum demand expectations are risng as China oil imports increased by 6.8% and that could be with a bullet. According to the China imported 271.02 million metric tons of crude or the equivalent of 5.43 million barrels a day. While that growth is a far cry from China's oil demand growth glory days it does signal that China's oil demand could make a major rebound and exceed expectations in the first quarter. Add to that the record cold it seems that the market is ready to ignore yesterday's stunning builds in US oil products.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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