Crude Oil Retreats After Faltering Below 2010-High

11 March 2010 11 March 2010

BonTrade

Crude oil price rallied after release of the bullish inventory report. The front-month contract rose to as high as 83.03, less than 1 dollar below the 2010-high of 83.95 made in January, before closing at 82.09, up +0.7%. Today in Asia, the black gold slides to 81.55 amid concerns over Chinese tightening.