China crude drop only 8%
February 11, 2009 at 07:43 AM EST
[Skip to the end] Not nearly enough to dislodge the Saudis from being the swing producer and price setter now that the Great Mike Masters Inventory Liquidation has run its course. Beware an even modest recovery that increased crude consumption. China’s Net Crude Imports Decline to Lowest in a Year by Wang Ying Feb 11 (Bloomberg) — Crude-oil imports dropped [...]
