Oil at $120 Now Biggest Bet

Oil at $120 Now Biggest Bet

Nelson Ching/Bloomberg

A worker at a gas station refuels a vehicle in Wujiang, Guizhou Province, China. Oil use in the world’s fastest-growing consumer, China, will jump 6.9 percent this year and 4.9 percent in 2012, according to a forecast in the IEA’s monthly Oil Market report on July 13.