China resumes crude buying after destocking; imports hit 7-month high

China's October crude imports rose 9.4% month-on-month to 41.94 million tons (~9.88 mb/d), the highest since March, signaling a shift from inventory drawdown to renewed purchases. Seaborne imports rose 12% m/m per Kpler, but volumes remain 13.3% below year-ago levels, indicating cautious rebuilding amid demand uncertainty. The move supports global oil prices and suggests China's demand outlook is stabilizing.

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