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Oil prices have been exceptionally stable through most of 2019 establishing itself comfortably at about $60/bbl (Brent) with little deviation except briefly in the aftermath of the attack on the Saudi oil facilities this summer. However, I believe that oil prices are about to experience a hard landing as a result of a gusher of oil from several new sources coming online against the back-drop of slowing global economic growth.
Demand
China
The only source of increased oil imports was China. China's oil imports in October 2019 was its highest monthly total ever which I