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Page added on August 19, 2005

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Secretive China Keeps Market on Edge Over Oil Stocks

China’s erratic oil demand growth may offer more unpredictable twists and turns after this month as Beijing considers how and when to fill the first tanks of its newly built strategic reserves.

Traders are less worried about the strain the eventual purchases will place on tight markets than the prospect of an opaque, stop-start stockbuild that could distort the real state of demand for years to come and roil markets now riveted by the No. 2 consumer’s thirst for oil.
Reuters India



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