Morgan Stanley warns further slide in oil price - FT.com:
"Oil could fall towards $20 a barrel if China tries to swiftly depreciate its currency, Morgan Stanley said on Monday, adding to a growing number of voices warning of a further drop in crude prices this year.
A slowdown in China, whose growth led the rise in global oil demand over the past decade, in recent weeks has added fears of slowing consumption to massive oversupply, even after a 70 per cent price drop over the past 18 months."
'via Blog this'
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