02.12.2015 - The party is over for oil
When oil prices started taking off in 2004, it was part of the same "commodity supercycle" that sent prices of so many other commodities spiraling up. Oil stayed at the party longer than anyone else but now, the party is over. The driving force was the surge in economic growth from the emerging markets — especially China. Between 2003 and 2013, China alone accounted for 45 percent of total growth in oil demand. It was a similar story for other commodities...............................................Full Article: Source
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