Pundits said that part of the reason for today's drop in price of oil was due to the Chinese having some success in slowing their over-heated economy. (Of course, the big reason was the strengthening of the US dollar and the continued fiscal problems in Europe: the PIIGS.)
With regard to China, Rigzone reports that "Chinese Oil Demand Reaches Third Highest Level Since 2005."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.