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Published On: Sat, Sep 19th, 2015

China Is Hoarding The World’s Oil

by Grant Smith at Bloomberg Even after China’s slowing economy dragged crude to a six-year low, oil’s second-biggest consumer remains the main safeguard against a further price meltdown. While China’s surprise currency devaluation helped trigger Brent crude’s slump to about $42 a barrel last month, the nation’s stockpiling of oil can staunch further losses. In the first… Read Full Article

Source: David Stockman

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