30.06.2009 - Commodities have likely hit bottom

From Bnn.ca: China's appetite for foreign oil has surpassed that of the United States, according to the Bank of Nova Scotia, as consumers race to the pumps to fill their new cars and the country feverishly builds storage facilities to take advantage of weak markets. In its monthly commodity update, market specialist Patricia Mohr said China relied on imports for 57 percent of its petroleum production, while the United States imported 55 percent of its needs........Full Article: Source

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