Mounting worries about Europe’s debt crisis, a persistently weak U.S. jobs market and less-than-encouraging guidance from the Federal Reserve have been weighing on investor sentiment, weakening oil prices to around $85 a barrel.
Apprehensions about high U.S. crude stocks, the release of emergency oil supplies from government-held strategic reserves into the world market, and uncertainty over oil supply disruptions in the Middle East have added to the negative sentiment……………………………………….Full Article: Source