Oil Fluctuates as Demand Outlook Mixed

Financial markets strengthened further amid expectations that EU finance ministers will deliver plans to resolve the sovereign debt crisis. Sentiment was lifted after European Commissioner Barosso's comment that 'reactive and piecemeal responses to different aspects of the crisis are no longer sufficient', sparking hopes that the new measures will be effective. Oil prices fluctuated with WTI crude posting modest loss while Brent crude gaining for a 6th consecutive day.

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Oil Fluctuates as Demand Outlook Mixed