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Surging Prices for China’s Favorite Oil Grades a Positive Omen
(Bloomberg) -- For a sneak peek at the return of Chinese oil demand, look no further than the rebound in price of the nation’s favorite grades. In the last few days a Chinese state-owned refiner bought Brazil’s Lula crude for August arrival at a premium of about 50 cents a barrel to Brent on a delivered basis, according to four traders in Asia.


Posted: 2020-05-13 06:12:00

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For nation shall rise against nation, and kingdom against kingdom. Matthew, 24. 7

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