Wednesday, July 09, 2008

Oil demand in Asia easing

Crude is currently hovering at $136 per barrel (near yesterdays close). Inventories the morning showed signs that the U.S. is cutting back on consumption (ok only slightly) and here is an article from Downstream.com which expresses the opinion that Asain demand is slowing as subsidies in these currencies get removed.


Good Luck and Good Currency Trading

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