After sliding to as low as 75.42 earlier in the day, crude oil recovers in European session as stronger-than-expected economic data distract investors from sovereign crisis concerns. IEA’s downgrade of global oil demand in 2010, in contrast with upgrades by both OPEC and EIA, has however, complicated the oil market outlook. Gold price extends strength after making a record-high yesterday and is currently trading at 1240.
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Crude Recovers as Strong Eco Data Rekindle Hopes on Growth. Gold Grinds Higher
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