Crude oil holds slightly below $90

Market news

13 September 2011

Crude oil holds slightly below $90

Crude oil rose on speculation a report tomorrow will show stockpiles dropped in the U.S., the biggest oil consuming country.

Crude retreated from its session high after the International Energy Agency cut global oil demand forecasts for this year and next as the economic recovery falters.

Currently crude oil for october delivery is at $89.06 per barrel (+0.91%).

Morgan Stanley have revised their euro forecast

IMF: "Long-term investors see low interest rate environment for some time"

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