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Markets

China end-June crude stocks down 2.3pc on month

Published July 24, 2014 Updated July 24, 2014 03:25am
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By Shoaib Ur Rehman
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imageBEIJING: China's commercial crude oil inventories at the end of June fell 2.3 percent from the previous month, while refined fuel stocks rose 0.51 percent from end-May, the official Xinhua news agency said on Thursday.

Xinhua did not provide the outright inventory volumes.

The government rarely discloses levels of either commercial or strategic oil stocks, making it difficult to gauge real demand in the world's second-largest oil consumer.

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