It used to be said that when the US sneezed, the rest of the world would catch a cold. Today, when China sneezes, people die, economies go into a tailspin and oil prices fall. With the world oil markets already in surplus, the outbreak of the deadly flu called SARS in China and major cities…
MARKETS: Oil Prices Under Pressure From Oversupply, Iraq, SARS, Second Quarter Weakness
Posted on May 5, 2003 by EnergyAsia