Oil Prices Slip As Chinese Crude Demand Loses Momentum

Slowly but surely, what we have claimed for the past
year – that it is the demand side of the oil equation, not the
supply, and especially the “Chinese wildcard” that is the critical
factor in setting prices – is starting to emerge and be factored in
by markets. And so, just days after we posted “Another Red Flag For
Oil? China’s Crude Imports Slump To 7-Month Low” arguably catalyzed
by the increasingly full Chinese Strategic Petroleum Reserve,
overnight we got another major red flag – once again out of China –
when Bloomberg reported…

Slowly but surely, what we have claimed for the past
year – that it is the demand side of the oil equation, not the
supply, and especially the “Chinese wildcard” that is the critical
factor in setting prices – is starting to emerge and be factored in
by markets. And so, just days after we posted “Another Red Flag For
Oil? China’s Crude Imports Slump To 7-Month Low” arguably catalyzed
by the increasingly full Chinese Strategic Petroleum Reserve,
overnight we got another major red flag – once again out of China –
when Bloomberg reported…