First US Crude Cargoes Head to China Since Trade Breakthrough: Sources

FILE PHOTO. Credit: Gerhard TraschĂĽtz

(From Reuters)

Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries’ trade war that began last month. . . .

The shipments mark a change since Chinese buyers largely began avoiding U.S. oil during the trade dispute that flared last summer.

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