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10.08.2011 17:39

Oil remains under pressure

Crude oil rebounded, but didn't reached its session highs despite U.S. Energy Department' data.
According to the report, the crude oil fell by 5.23M barrels to 349.8M in the week ended Aug. 5, while analysts expected a rise by 1.35M barrels.
Oil prices are still under pressure of concern that Europe will fail to contain its sovereign-debt crisis and that the global economic recovery is faltering.
Currently Crude for September delivery at $81.17 per barrel (+2.24%).

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