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Oil and Gas Energy Facts and Figures in Asia: Asia to Drive Oil Prices in the Future (Oil And Gas Energy market in China)

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Oil And Gas Energy Facts And Figures In Asia: Asia To Drive Oil Prices In The Future

Mar 7, 2013, by Benzinga

Keywords: Oil refining

Brent crude oil traded at $110.96 at 8:55 GMT on Thursday morning as investors waited for the European Central Bank meeting to come to a close. The commodity has suffered massive losses from its $119 high earlier in the year as global economic data began to paint a troubling picture of future demand for oil. However, according to the Wall Street Journal, a report published on Wednesday showed that Asian demand will steer oil prices in the future. Just this week, the US Department of Energy stated...

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