Market Watch Synopsis

In the last fortnight, selling offers for Crude oil increased with the help of positive economic data emerged from the U.S.A, Germany and China. Price rally was not possible in Crude oil due to fall in export growth of China and more than forecasted turned down in unemployment rate of Germany in the month of December, 2011. Crude oil prices remained firm due to tension between Iran and U.S.A and increased very slowly. In the second half of the last fortnight, Crude oil prices remained firm as U.S.A inventories for energy product declined. For more Information....