Crude Oil Rebounds as Investors Seek Risks. EZ Sovereign Crisis Stabilizes For Now

Crude oil rebounds to 72 in European session. The first rise in 6 days was mainly driven by technical buying as price has fallen to oversold territory and improved risk appetite. While deficits in peripheral European countries remain a problem, EU ministers show commitments to quell the crisis and minimize the negative impact on global recovery.

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Crude Oil Rebounds as Investors Seek Risks. EZ Sovereign Crisis Stabilizes For Now