Upside for Crude is Limited unless US Demonstrates Sustainable Demand Recovery

Crude oil strengthens to 81 in European session as the dollar weakens and market sentiment improves after European leaders have agreed on a plan to help Greece. Moreover, speculations for growth in emerging market demand also boost oil prices. A survey shows that OPEC will increase shipments, by +1.7%, in the month ending April 10 because demand from Asia is resilient.

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Upside for Crude is Limited unless US Demonstrates Sustainable Demand Recovery