China's crude oil imports slump, but it's economics not altruism - Reuters
Energy
China's crude oil imports have reportedly slumped due to economic factors, not policy changes. This points to significant demand destruction from the world's largest oil importer, creating a bearish setup for global crude prices.
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↓ SHORT-7% target+4% stop2-4 weeks
Short crude oil via USO as slumping Chinese import data signals significant demand destruction from a key global buyer.