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Commodities Briefing - Categorized | Market Moves, Oil more

China’s oil thirst will squeeze market -funds

Posted on 26 October 2011

China’s thirst for oil will squeeze prices higher and destroy demand in developed economies if world oil supply growth does not exceed current trends, said senior commodity fund managers who did not expect fast oil output rises in Libya and Iraq.

“In the last 12 months China’s demand for diesel for power generation has been one of the major drivers (of the market),” Tony Hall, chief investment officer of the Duet Commodities Fund, said at a conference in London on Tuesday………………………………………..Full Article: Source


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