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U S oil imports down, exports up last week: EIA

2:27 AM MYT HOUSTON, Dec. 30 (Xinhua) U.S. crude oil imports decreased while exports increased during the week ending Dec. 25, the U.S. Energy Information Administration (EIA) said Wednesday. U.S. crude oil imports averaged 5.3 million barrels per day (b/d) last week, down by about 238,000 b/d from the previous week, while crude oil exports averaged about 3.6 million b/d, up by about 526,000 b/d from the previous week, according to the Weekly Petroleum Status Report. Over the past four weeks, crude oil imports averaged about 5.7 million b/d, down by about 959,000 b/d year on year, while crude oil exports averaged about 2.8 million b/d, down by about 927,000 b/d year on year.

Alibaba Hong Kong Shares Fell By 7% In Monday Trade Amid Ant Group s Order to Rectify Business

12.28.2020 02:Dec AM EST Alibaba Hong Kong Shares Fell By 7% In Monday Trade Amid Ant Group s Order to Rectify Business Alibaba s stock prices in Hong Kong have reportedly plummeted by 7,01% in Monday trade. The Chinese tech giant came under fire after the government ordered Ant Group, an Alibaba affiliate, to recitify its business and prevent monopolistic practices.  As initially reported by CNBC, this is not the only Chinese-based large company to fall in the market. Tencent Holdings Ltd, a multinational tech conglomerate known for its ownership of popular video game PUBG, also dived by 4,77%. Meituan-Dianping, a local marketplace company, slipped by 5,3%. 

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