Daily Oil Comment – 21st August 2012
WTI Crude Snapshot
In the absence of any meaningful economic news, it was left to the stock market to offer direction for the energy sector. So a light retracement in shares also translated in a slight pullback for the WTI crude prices which finished $0.39 down at $95.97. In addition, some participants might have decided to lock in part of the profits following the recent steady rally.
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