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Fundamental Oil Report (2011-07-21)

21 July 2011 @ 04:33 am EDT


News	Crude oil trading with heavy volatility ahead of the euro area summit

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Analysis	Crude oil is trading with strong volatility today as the drop in the US crude inventories pushed oil to the upside while signals from China -the second largest oil consumer- that the manufacturing may have contracted for the first time in a year according to preliminary PMI index weighed negatively on oil, while choppy trading prevail as investors eye the Brussels summit. Most Popular Slideshows Phillip Phillips: Things You Need to Know, His Girlfriend and His Victory at the American Idol [PHOTOS & VIDEO] Aishwarya Rai To Attend Cannes 2012 Amidst Baby Weight Gain Controversy [PHOTOS] World�s Largest Pool, The Crystal Lagoon Chile, Wows Guests At San Alfonso Del Mar Resort [PHOTOS] Top Ten Happiest Countries in the World in 2012 [SLIDESHOW] For more forex information, go to www.ecpulse.com Most popular Viewed Commented Emailed Suarez Must be First Victim of PFA Racism Ruling Spurs’ Top Transfer Target Drops Gunners Bombshell Sharon Stone Sued By Nanny For Alleged Racist Remarks How to jailbreak the iPad 3 using Absinthe 2.0 on Mac and PC iOS 5.1.1 Untethered Jailbreak ‘Absinthe 2.0’: How to Unlock iPhone 4S, iPad 3, iPod Touch and More [VIDEO] iOS 5.1.1 Untethered Jailbreak Released: How To Use Absinthe 2.0 On iPhone 4S, iPad 3, iPod Touch And More [VIDEO] What Would An Independent Scotland Look Like? Who Is Brett Kimberlin? Meet The 'Speedway Bomber' Turned 'Liberal Activist' Are Record-Low Mortgage Rates Hurting The US Housing Market? Baby in Washing Machine: Toddler’s Mom Wants Babysitter in Jail World’s Largest and Deepest Pool At Chile's San Alfonso del Mar Resort [PHOTOS] Euro Drops As Leaders Meet; France, Germany Split World’s Largest Pool, The Crystal Lagoon Chile, Wows Guests At San Alfonso Del Mar Resort [PHOTOS] Gore -Tex Heiress Can't Adopt Husband For Inheritance Gain, Court Rules Mantyhose For Sale: Men In Tights Might Just Be Fashion’s Next Big Thing iPhone Theft On Cruise Results in Thief’s ‘Stolen iPhone Adventures’ Photos Published From Katy McCaffrey’s iCloud Follow IBTimes Facebook Twitter RSS Email ADVERTISE WITH US Most Popular on IBTimes Berlusconi MP caught ogling at escort website on iPad during debate New Comets, Asteroids Discovered by NASA (PHOTOS) 18 and Counting: Political and Social Unrest Ensnare the Globe News Corp And Apple Unveil "The Daily" Deadly winter snowstorm in US (PHOTOS) ADVERTISE WITH US IBTIMES PROFESSIONAL The Intelligent Investor Free Edition Get the day's most relevant news, data and analysis. eBusiness Solutions TAKE A TOUR The complete online business platform for your business ADVERTISE WITH US E-Newsletters We value your privacy. Your email address will not be shared. Home World US Economy Companies Tech Science Global Markets Education Real Estate Forex Commodities Gold & Silver Matters More Sections Fashion Auto Travel Health Law Entertainment Sports Luxury Art Books Tech & Trend Tools & Features Topics Market Data Stock Watch List Investment Calculator Financial Glossary Broker Center World Business Headlines ExpertNetwork SportsNet PartnerNet Updates RSS Feeds IBTimes on Twitter IBTimes on Facebook E-Newsletters Services Forex Newsfeed Research Press Release About IBTimes News Licensing Media Kit Advertise with Us About IBTimes Contact Us Terms of Service Privacy Policy US Edition Australia Edition Brazil Edition Canada Edition China Edition France Edition Germany Edition Hong Kong Edition HK English Edition India Edition Indonesia Edition Italy Edition Japan Edition Korea Edition Mexico Edition U.K. Edition U.S. Edition © Copyright 2012 The International Business Times Inc. All Rights Reserved.