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Originally Posted by HarryB
However maybe they know something we don't?
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They very often do, but what's difficult to glean this time is what side of the picture they are looking at.
On the one hand we have the apparent ever increasing demand for oil at a time when peak availability has probably already been passed, in which view they are anticipating.
On the other is the forecast in financial circles of a marked coming slowdown in the Chinese export and domestic markets, coupled with some western depression, which will lower demand. In this option they would be making their kill before that happens.
There are some much less palatable possibilities relating to Russian relations with the west or new actions in the Middle East.
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