Crude Oil Price Recovers as EU Clarifies Arrangements to Help Greece

Crude oil recovers in European session, partly because the 2-day selloff triggers buying interests, partly because the EU outlined methods to help Greece. Although the benchmark contract regains 80, it may not be able to hold sustainably above the level as investors await FOMC statement (to be released in NY session today) and OPEC's announcement (to be released tomorrow).

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Crude Oil Price Recovers as EU Clarifies Arrangements to Help Greece