OIL FUTURES: Crude Depressed By Weak Fundamentals, Firm Dlr - Wall Street Journal

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Viraj
on September 29, 2009 9:49 PM | | Comments (0) | TrackBacks (0)
LONDON (Dow Jones)--Crude oil futures fell Tuesday in London, depressed by weak fundamentals and a slightly stronger dollar.

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Prices declined as market participants shifted their focus back to fundamentals, which have undermined recent hopes for economic recovery. "Stocks are high and demand is low, so why is the price so strong," an oil broker in London said.

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