As China’s economy gradually rebounds, its demand for oil will rise at a modest rate of 4.8 percent to 514 million metric tons this year, and imports will continue to grow, the CNPC Economic and Technology Research Institute said on the same day. The country will import about 289 million tons of crude oil...
Oil
Why The Sky Is Not Falling On Oil Prices (XLE, UCO, USO, CVX, COP, SCO)
Kent Moors:The stock market is not the only thing that is up. Crude oil prices have jumped as well rising faster than the S&P for the past month. West Texas Intermediate (WTI) next month futures contract prices for crude oil on the NYMEX increased again last week. That marked the seventh consecutive week oil...
