As transport data had previously indicated, China imported significantly more coal in August than in previous months: according to data from the Chinese customs authority, 42.7 million tons of coal were imported, the highest level since December last year, Commerzbank's commodity analyst Barbara Lam
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.53 per barrel, up from Friday’s close at $61.72.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.46.