| 30.04.2012 - Oil slips from near four-week high; Hedge funds cut bullish bets |
| Oil slid from the highest close in almost four weeks, trimming a monthly gain, as investors speculated that recent price gains may be unsustainable. Futures fell as much as 0.3 percent after climbing for a second week. Oil’s advance halted after it failed to surpass its 50-day moving average, a technical resistance level at which traders typically sell...............................................Full Article: Source |