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China's oil thirst offers hope of crude glut relief

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China's insatiable appetite for crude is at least one thing oil bulls can count on this year.

Shanghai

CHINA's insatiable appetite for crude is at least one thing oil bulls can count on this year.

The world's biggest commodity consumer may buy 8 per cent more oil from overseas in 2016, taking average purchases to 7.2 million barrels a day, according to the median of seven

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