China's Trade Surplus Declined in December

10 January 2011 10 January 2011

BonTrade

WTI crude oil reversed gains after failing to re-test 90. Currently trading at 88.7, shutdown of Alaskan pipeline system has only little impact on price. China's trade surplus declined in December as growth in exports dropped sharply. The report showed that China's demand for oil remained firm due to diesel shortage.