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China’s oil Imports from Russia rose 15% y/y at 793k bpd in Jan

As reported by China’s customs office, the Chinese crude oil imports from Russia increased in January, on annual basis.

Key Updates:

Imports from Russia up 15% y/y at 793k bpd in January

Imports from Saudi Arabia down 2% y/y at 996,900 bpd

Imports from Iran down -13% y/y at 408,100 bpd

France Markit Manufacturing PMI registered at 50.3 above expectations (49.9) in February

France Markit Manufacturing PMI registered at 50.3 above expectations (49.9) in February
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Gold slips further in Europe as European equity futures rise

Gold prices fell to a fresh daily low of USD 1212/Oz as safe haven demand for the metal took a further dip on account of a positive action in the European equity futures.
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