Record imports from China and rising oil

Prices of oil have made a leap of '1% of telematic networks in Asia reaching above $ 83. Among the factors behind the upward pressure there is the weakening of the dollar, the sharp increase in Chinese imports in December were up by 25% to over 20 million tonnes.
Oil has fueled new refineries come into operation next year in the southern provinces of Fujian and Guangdong to meet growing demand driven by government policy incentives by 4 thousand billion yuan. In 2009, Chinese imports of crude increased by 13.9% to 203.79 million barrels, equivalent to 4.09 million barrels per day and confirming China as the second largest world importer, distancing the scorched Japan, slowed by the recession. In 2008, China had imported 3.6 million barrels per day against 4.15 million of Japan. The WTI in February and then earn 64 cents to $ 83.39 a barrel after closing Friday at $ 82.75 (up 9 cents). Brent salt of 70 cents to $ 82.07.

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