Thursday, April 26, 2012

Oil recoils after rising on reduced concerns about slowing growth in China on fears about Europe

As concerns eased about a sharp economic slowdown in China- the world's biggest energy user, oil prices edged higher in Asian trade on Tuesday as per economictimes.com. This uptrend however, was cappeed by economic and political uncertainty in Europe amid a weaker euro that was helping dampen demand for dollar-priced crude.

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