[RockinRight]

Keep fallin!

[carlr]

Rapid world demand growth has strained international supply but analysts say that oil demand growth in China, the world's No. 2 oil consumer, may also be slowing more sharply than expected.

"The market does not yet seem aware that Chinese demand, the principal engine of global growth, is showing clear signs of running out of steam," said Deborah White of SG Commodities.

I wonder if the same analysts were saying last week when crude went to 57.00 that demand in China was the cause.
Just like the weatherman,they are 90% accurate when you count the forcast that says it will rain in 15 minutes to override the one from yesterday that predicted sunshine.

[GOP_1900AD]

As I predicted. Sadly, though, some folks will get burned by this. [suckers!]

[Obadiah]

but overall this is roundly bearish for crude," Jan Stuart, analyst with Fimat USA bank.

Sell! Sell! Sell!

-Mortimer Duke

[Ol' Sparky]

One would assume the price of gas should start going down, then? It actually reached an all-time high here (Indiana) of $2.28 a few days ago.