Quote of the Day

"At some point, the oil market will abandon the fiction of endless Asian or Chinese demand, and when the expectation turns, oil prices are likely to collapse."

Morgan Stanley's respected Hong Kong-based economist Any Xie said in a note to clients this week in reference to the demand for oil in Asia falling.

See more industry/OPEC viewpoints at http://www.platts.com/Oil/Resources/Quote%20of%20the%20Day/