January crude oil prices were mixed during the early morning hours, as they contrasted the threat of reduced global demand against supply disruption concerns out of Iran. January crude oil prices came under a pressure late yesterday on reports that S&P Ratings was putting 15 European nations on a negative credit watch list. Some traders indicated that the warning served as a reminder about the delicate Euro zone debt situation. However, there are concerns that even with a well-received debt solution, global oil demand could face added pressure from new austerity measures in the region.
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