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id Jiang Xinmin christian louboutin maggie pumps, an expert with the National Development and Reform Commission mbt shoes light, the country’s economic regulator. "Speculators are prone to sell off oil if demand is expected to fall in the future. They will shift to speculate in some other commodities and financial products. This will further help a fading price," he explained. Professor Dong Xiucheng of the Beijing-based China University of Petroleum said the world's big investment banks were the major speculators and participants in the futures markets. They had contributed much to the surging oil price. "However, this wave of financial crisis is expected to play the role of an alarm bell, which will warn them to give up excessive and abnormal speculation in crude oil markets in future." Jiang predicted the price would very likely stay bellow 100 U.S. dollars a barrel for a long period. "Crude prices will come back to reflect the world economic situation."
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