nilogram

Crude Report Stumps Analysts

Does someone have demand numbers for India and China? Reports last month indicated China demand was down 1% year over year. US driving down 4.5% in first quarter. Master Card said service activity down over 7% in May. The Saudis appear to have it correct: speculation is driving the price not demand. Not hearing any more about the investigations that were in the news two weeks ago. Anyone know what is happening?