Tuesday, April 24, 2012

Crude oil goes down

Crude oil came under heavy selling pressure hitting the lowest level in 2 weeks as ongoing concerns over the sovereign debt crisis in the euro zone and global growth worries continued to weigh on investor confidence.  Some support seen from the rupee fall which was nearly a month low hit by deepening worries over capital inflows, and keeping traders on guard for possible intervention from the central bank. 

A potential loss of Iranian oil supplies has helped underpin strong gains in oil prices during late last year and the Q1 of this year
© commodityonline.com

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Source: http://www.albawaba.com/business/crude-oil-goes-down-422267

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