Commodity Trade Mantra

Posts Tagged ‘Weaker Currency’

Crude Oil At $20 Is Now A Distinct Possibility As Chinese Demand Wanes

Importantly for crude oil is the fact that China’s worsening economic situation could cut into the country’s crude oil demand. As the world’s principle driver of crude oil demand suddenly starts slowing to more pedestrian levels of growth, the oil markets are very much feeling the effect. As Goldman Sachs predicted, crude oil prices might indeed fall to $20s per barrel.

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