Created
: 2025.09.09
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
China is building up crude Oil reserves - Commerzbank
Breaking news
China is building up crude Oil reserves - Commerzbank
New
2025.09.09 20:35
2025.09.09 20:35
2025.09.09 20:35
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.
China absorbs excess supply in the Oil market
"The chief strategist of a large commodity trading house expects China's reserve purchases to continue at an unchanged pace over the next year. He spoke of stockpiling of almost 1 million barrels per day since March."
"Based on available data from China on crude Oil imports, crude Oil production, and processing, the implied stockpiling between March and July even amounts to an average of 1.4 million barrels per day. China has thus played a significant role in absorbing the oversupply in the Oil market. This role is likely to continue in the coming months, which could prevent a sharper decline in Oil prices."
Last updated
: 2025.09.09
Related articles
China's Gas imports climb to 11-month high - Commerzbank
2025.09.09 20:42China's coal imports rose in August - Commerzbank
2025.09.09 20:38China is building up crude Oil reserves - Commerzbank
2025.09.09 20:34China imported more crude oil and exported a high volume of oil products in August - Commerzbank
2025.09.09 20:29WTI crude upside attempts fail ahead of the $63.00 area
2025.09.09 18:42European Gas prices jump 3.5% on Russia sanction fears - ING
2025.09.09 17:53
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/CHF Price Forecast: Steadies near 0.7970 as payroll revision sparks Fed cut bets
The USD/CHF stopped its fall on Tuesday, rose over 0.51% following a worse than expected Nonfarm Payrolls benchmark revision, which revealed that the labor market is cooling faster than expected.
New
2025.09.10 07:54EUR/USD falls to 1.1705 as US Dollar rebounds despite Fed cut bets
EUR/USD retreated over 0.48% on Tuesday, even though data from the United States (US) seems to confirm that the Federal Reserve (Fed) might reduce interest rates at next week's meeting.
New
2025.09.10 06:25Gold hits $3,674 record before US Dollar rebound caps rally
Gold price advanced for the third consecutive day and reached a new record high of $3,674, before retreating somewhat as a jump in US Treasury yields boosted appetite for the Greenback.
New
2025.09.10 03:13Silver Price Forecast: XAG/USD consolidates below $41.50 with bearish RSI divergence
Silver (XAG/USD) trades under pressure on Tuesday, retreating from recent highs as a modest rebound in the US Dollar (USD) and Treasury yields weighs on the metal. At the time of writing, spot prices are trading near $40.85, down over 1% on the day.
New
2025.09.10 03:10Canadian Dollar sinks after NFP revisions drive US Dollar higher
The Canadian Dollar (CAD) backslid on Tuesday, driven lower by a general improvement in US Dollar (USD) flows. The Loonie is down over one-quarter of one percent against the Greenback, with the US Dollar Index (DXY) climbing nearly 0.3% on the day for comparison.
New
2025.09.10 03:01Forex Today: Inflation comes to the fore with US PPI and China's CPI
The US Dollar (USD) managed to leave behind a drop to multi-week lows and regain some upside traction on Tuesday, while market participants assessed the NFP Annual Revision amid speculation of a larger rate cut by the Federal Reserve at its meeting next week.
New
2025.09.10 02:55Dow Jones Industrial Average froths as employment revisions support Fed rate cuts
The Dow Jones Industrial Average (DJIA) briefly tested the high side on Tuesday, bolstered by sharp downward revisions in US job hiring over the past 18 months.
New
2025.09.10 01:29USD/JPY reverses from four-week low as US jobs revision lifts Greenback
The Japanese Yen (JPY) trims gains against the US Dollar (USD) on Tuesday, with USD/JPY climbing back above the 147.00 psychological mark after briefly hitting its lowest level since August 14, around 146.31.
New
2025.09.10 00:52GBP/USD slips as weak US payroll revision keeps Fed cut bets intact
The GBP/USD retreats during the North American session after the latest Nonfarm Payrolls revision, was worse than expected, according to Bloomberg estimates. At the time of writing, the pair trades at 1.3542 after hitting a daily high of 1.3590, down 0.01%.
New
2025.09.10 00:12EUR/USD retreats from six-week highs as Greenback steadies after US NFP revision
The Euro (EUR) edges lower against the US Dollar (USD) on Tuesday, with EUR/USD snapping a two-day winning streak as the Greenback found renewed demand in the wake of the US Nonfarm Payrolls (NFP) benchmark revision.
New
2025.09.09 23:57Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
