
Monexnews-glaring uncertainty will be the continued U.S. economic recovery seems to have managed to lower the demand for energy products, particularly oil. This can be seen from u.s. oil reserves increased as much as 600,000 barrels; This is an addition of oil reserves to a four-week sequence. However, the increase in reserves was still lower than the predicted rise of 2.4 million barrels and prior publication increased as much as 2.6 million barrels. Oil prices are seen attempting to continue strengthening the momentum after the data was released. Nymex oil is now traded $ 97.83, attempting to avoid low level daily $ 97.49 (fr)
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