China didn't buy much oil last year. That could be the reason.
More Quotes from Keiichi Sano:
Demand from China will continue to increase and support further rises in oil prices. The country needs more heavy fuel oil for power plants, and fuel for trucks is needed too.Keiichi Sano
The prompt WTI contract seems the weakest in the international oil index, weighed down by immediate high inventory levels in the United States.
Keiichi Sano
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