OilPrice.com: Oil Prices Rise As China’s Crude Imports Jump
Oil prices rose early on Wednesday as Chinese data showed crude imports into the world’s top oil importer jumped in May, recovering from a weak April.
As of 8:13 a.m. EDT on Wednesday, ahead of the EIA weekly inventory report, WTI Crude prices were up by 0.99% at $72.45. The international benchmark, Brent Crude, traded at $76.98, up by 0.94% on the day. Following a slump on Tuesday, oil prices recovered some of the losses early on Wednesday, as China’s data showed crude oil imports jumped in May by 12.2% year-on-year and by 17.4% compared to April.
China imported a total of 12.11 million barrels per day (bpd) of crude in May, data from the General Administration of Customs showed, as refiners returned from maintenance and moved to stockpile crude.
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WNU Editor: China is also stockpiling on gold and food thereby raising a lot of speculation on why .... Is China preparing for war? Soaring food, gold stockpiles an ominous sign (AsiaMarkets).
8 comments:
China prepares for war while we “celebrate” Homos and Trannies. Do we really deserve to rule the world?
This is why.
https://www.imf.org/en/Blogs/Articles/2023/05/01/asia-poised-to-drive-global-economic-growth-boosted-by-chinas-reopening
'China prepares for war while we “celebrate” Homos and Trannies. Do we really deserve to rule the world?"
I am not a crackpot.
What’s crack pot about that? It is pride month after all. What am I missing here?
you are if not a crackpot and dope.
check our Pentagon budget and compare with what China spends yearly
China's military purchasers buy hammers for $1:50. Ours buys hammers for $1800. So that comparison is apple and oranges. (I do not know if I have the dollar amounts right, but you get the point).
Russia was doing the same thing for the last several years. They brought a lot of gold home and paid down their debt prior to their invasion.
you are if not a crackpot and dope.
check our Pentagon budget and compare with what China spends yearly
I am not a crackpot
Yes, China is preparing war. And what our marvelous President is doing? Emptying our strategic oil reserve. I am sorry for the next President: fixing all the damages Biden did will be a huge challenge.
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