Crude: The $225/bl bull’s view

Yes, oil prices look like they can only rise into the nether but I beg to differ. We had more than once when oil was slated to go above 200.- and are still waiting for it. Sure it’s possible but high oil prices are also pretty deadly for a country like China which imports much oil and whose export industry is already damaged. I don’t expect China to have any growing demand for any more oil in the future, I actually expect its demand to fall pretty sharply in the next few years. that should rein oil price developments in.

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