Thursday, August 11, 2011

Oil Drowning In Morning Session

Monexnews - Oil fell in morning trading Slightly in Asia, most big traders WITH A Bwt FOR cautious market due to the minimal instructions. Nymex crude oil fell 54 cents to $ 85.18/barrel in September Globex; Oil ICE September Brent fell 53 cents to $ 107.49/barrel.

Sales in Italy banning cheap France "can lead to reduced confidence," ACCORDING analyst at MF Global Research Report, Tom Pawlicki. But the oil will get support from several factors, including interest risk. (din)

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