Cooling China's economy and red-hot oil prices Date: Friday, May 28 @ 20:37:43 PDT Topic: Business News; Market Research
The single most important factor for the oil market this year will be the ability of China to cautiously slow its rate of economic growth. Last year, China became the second-largest oil consuming country, surpassing Japan, and has accounted for 40 percent of the world's oil-demand growth between 2000 and 2004.
