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Contrarian view on future oil prices

by Minstrel Thu Jun 16th, 2005 at 08:13:43 AM EST

According to Morgan Stanley's Global Economic Forum analyst Andy Xie, Chinese demand for oil decreased 1.2% YoY in the first 5 months of 2005. He believes that current prices are mainly driven by speculation and forecasts that the slowdown of the Chinese economy will result into lower oil prices.

Andy Xie's regular comments on the Chinese economy are well worth reading.

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