RE:China??I agree with this. Whenever the oil market becomes toppy, we always get news that China is "slowing down." Politicians (playing politics) around the world understand the oil price can be contained with headlines like this. Does anyone believe that information like this from China is all factual. I mean who is going to dispute this, who can prove this information? They can say whatever they want, and media outlets here just go along with it and here we go again. It's amazing to me how China can be booming and retracting within the same week. Sometimes within days of conflicting news stories. When the powers at be want oil to go up we hear oil can't keep up with demand. And when it's time to bring oil back down then headline suddenly becomes we have too much supply because powerhouse China is slowing down.
Give me a break