Crude Oil continued to surge this morning, trading at 94.58 after dipping late on Tuesday as traders booked profits and a disappointing Empire State release. Global sentiment looks positive and traders are comfortable to add more risk in their portfolio with eco data supported growth in the US and China, one can expect increase in crude oil demand. With more easing coming in Japan, creating new jobs, the demand for energy should be increase. A weaker US dollar makes the commodity more attractive in terms of value to international investors Continue Reading
Posted January 16, 2013 6:58 (GMT) | By FX Empire Analyst - Barry Norman
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