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Oil Climbs First Time In Five Days On China Crude Imports
Dec. 10, 2012 10:42AM PST
Oil and Gas Investing
Oil turn upward for the first time in five days as China’s net crude imports rose to a six-month high in November and German exports unexpectedly increased.
Oil turn upward for the first time in five days as China’s net crude imports rose to a six-month high in November and German exports unexpectedly increased.
As quoted in market news:
Chinese crude imports are up and that’s the main thing moving the market. China’s been a real driver of oil prices. The Germany news also helped.