29.04.2010 - China and speculators spur oil-price rise
From Petroleum-economist.com: Crude prices have surged in April, exceeding $80/b with scarcely a backwards glance and hovering around $85/b. Hopes for global economic growth, rising Chinese demand and expectations from the IEA that world consumption this year would be higher than ever all supported the bullish sentiment........................................Full Article: Source
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