Sentiment Mixed as Weak US Data Upstaged by Portugal Bailout

Commodities fluctuated on Tuesday as events happened in Europe and the US have mixed but important impacts on the market. Crude oil prices initially fell as US data disappointed. Losses were pared after EU ministers agreed on a plan to bail out Portugal. Important milestones were reached concerning Greece's future. The front-month contract for WTI crude oil has been trading below 100 throughout the day with bearishness exacerbated by potential stock-build last week.

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Sentiment Mixed as Weak US Data Upstaged by Portugal Bailout