consumers in general are sharply reducing fuel consumption in response to the recent record breaking rise in oil prices. But this has been put into doubt by Antoine Half, an analyst with US-based NewEdge Commodities, who said the size of oil demand destruction in the US could well be exaggerated. Calling it a mirage,…
MARKETS: Doubts over the size of US demand destruction on record oil prices
Posted on July 27, 2008 by EnergyAsia