Daily Oil Comment – 25th July 2012
WTI Crude Snapshot
Following two days of heavy losses, bargain hunters made a cautious approach pushing the WTI crude prices 45 cents higher to $88.50. Some extra help for the buyers might have come from news the manufacturing in China remains resilient. However, with the euro in free fall against the greenback it could be a real struggle for investors to stay optimistic about crude prices.
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