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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: Galirayo who wrote (9130)	10/27/2008 12:17:09 AM
From: skinowski	Read Replies (1) of 41426

BEIJING, Oct 27 (Reuters) - China's apparent oil demand grew a modest 2.26 percent in September, the slowest growth in ten months, as a weaker economy sapped consumption and refiners curbed processing to draw down stocks built up for the Olympics. The world's number two oil consumer used 7.13 million barrels of oil last month...... A near-20 percent increase in state-set retail fuel prices in late June also appears to have made the country's newly-affluent drivers price sensitive for the first time. guardian.co.uk Hard to tell.... A 2%+ increase in the face of a crash in the markets, the need to work off "Olympic" reserves, a 20% increase in retail prices - all this doesn't give me the impression that they are ready to hop on their bicycles and ride back towards the stone age. To the contrary, it seems to indicate that they want the stuff pretty badly. But WDIK.

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