Weekly Fundamentals - China's Trade Report Shows Strong Growth in Crude Oil Imports

In May, China's trade surplus widened to US$49.98B from US$45.46B a month ago. On a 12-month rolling basis, the figure narrowed to US$602B. Exports contracted -4.1% y/y, worsening from -1.8% in April, whist imports declined -0.4%, moderating from April's -10.9%. Looking at exports, shipments to almost all destinations dropped from a year ago dropped from a year ago...

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-chinas-trade-report-shows-strong-growth-in-crude-oil-imports-2016061133096/