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Commodities Briefing - Categorized | Market Moves, Oil more

For oil markets, China isn’t what it used to be

Posted on 21 March 2013

Fear of a Chinese economic slowdown and fiscal worries out of Europe have had more downward influence on crude prices in recent days than instability in the Middle East has had toward the upside. But for several reasons, analysts argue that China has less pull on market prices than it did even a few short years ago.
“The relationship between the Chinese economy and oil demand have long ago ceased to be one-to-one,” said Pavel Molchanov, an energy analyst at Raymond James………………………………………..Full Article: Source


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