COMMODITIES
Russia remained China’s top oil supplier in June, shipments rose 10% on year
Russia remained China’s top oil supplier for a second straight month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia.
China’s crude oil futures surged over 7%, fuel oil jumped 10.8%
China’s most-traded crude oil futures contract on the Shanghai International Energy Exchange, for August delivery, surges 7.1% to close at hit 683 yuan per barrel.
