Tuesday, March 27, 2012

Crude Oil weakens on concerns about global growth

Crude oil markets traded within its new found range although with concerns about global growth resurfacing prices ended the week lower. Oil balances continue to remain constructive even at current price levels with the latest demand data suggesting that the bulk of the weakness in the OECD is primarily concentrated in the US.

Oil balances continue to remain constructive even at current price levels with the latest demand data
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Source: http://www.albawaba.com/crude-oil-weakens-concerns-about-global-growth-418764

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