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China Stocks Up On Oil as West Moves To Sell Reserves

The Wall Street Journal suggests today that part of the latest surge in China’s oil imports is attributable to a desire to boost the country’s oil stockpiles. The Wall Street Journal reports that for 2012:Q1, China’s crude imports rose 11% from the year-ago quarter, a much stronger pace than full-year 2011?s increase of 6%, the China’s General Administration of Customs said….
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