Crude Prices Will Stop To Rise»

Futures of crude oil eased again Tuesday after expectations that high energy costs are slowing the economic growth that has fuelled this year's sharp increase in world oil consumption.
US light crude slipped to $52.75 a barrel following Monday's slide from a record close on Friday of $54.93. Prices are down 4 per cent in two days. Brent crude in London eased 11 cents to $48.15 a barrel.
Some analysts suppose that if prices go much higher it starts impacting the economy and demand doesn't grow as fast, so they wouldn?t grow so sharp.

Demand growth, led by China, has raced along this year at a 24-year peak of 2.7 million barrels a day, 3.4 per cent of the 82.4 million bpd world market.

Wall Street banks Morgan Stanley and J.P. Morgan cut their estimates for 2005 economic growth Monday, saying high fuel costs were likely to mean a slowdown in consumer demand.