Com­mer­cial crude oil stocks fall 1.55%

China Daily (Hong Kong) - - BUSINESS -

China’s com­mer­cial crude oil in­ven­to­ries de­clined 1.55 per­cent mon­thon-month by the end of Novem­ber de­spite a sharp rise in im­ports. While net im­ports of crude oil in­creased 12.8 per­cent in Novem­ber, the amount of oil re­fined de­creased. Com­mer­cial crude oil in­ven­to­ries went down af­ter other types of re­serves were de­ducted. Diesel re­serves also dropped due to higher de­mand as the econ­omy sta­bi­lizes. Gaso­line stocks rose slightly as the cold weather af­fected trav­el­ing and re­duced de­mand for petrol.

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