Crude oil traded near $136 a barrel after rising as traders judged a 6.3 percent decline this week as excessive and China's first-half imports gained, increasing concern that emerging-market demand will outpace supply. Oil posted its biggest two-day decline in more than three months after reaching a record $145.85 a barrel on July 3. Chinese imports through to June climbed 11 percent to 90.53 million metric tons, the Customs General Administration said on its Web site today. U.S. fuel demand, in terms of products supplied, fell by 270,000 barrels a day last week, the Energy Department said. Crude currently trading at $136.488 as of 8:36 am, GMT.
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