| 26.06.2012 - The possibility of crude oil below $60/bbl |
| Crude oil prices have slumped 23% in this quarter on Eurozone debt crisis, China slowdown and an uncertain US economic recovery. US Crude Oil traded below $80 for a third day amidst a weak demand outlook for Oil. Hedge funds have reduced their bullish bets to a 19-month low for the week ended June 19, according to Commodity Futures and Trading Commission (CFTC) data...............................................Full Article: Source |