Oil’s slump makes crude so attractive to China that even the biggest drop in its currency since 1994 probably won’t deter its ambition to hoard supplies. China devalued the yuan for a second time after Tuesday’s record reduction in the daily reference rate, setting up the currency for its biggest two-day loss in 21 years and making imports of dollar-denominated commodities costlier. That won’t significantly slow crude purchases to fill strategic reserves, which have helped the nation overtake the U.S. as the world’s biggest oil importer, according to Energy Aspects Ltd., KBC Advanced Technologies and Nomura Holdings Inc. “While devaluing the yuan will make dollar purchases more expensive, it’s important to place that move in the broader context of the drop in crude,” said Virendra Chauhan, a London-based analyst at Energy Aspects. “If you think about where we were trading last year, you’re talking about a 50 percent reduction […]