Energy OverView August 17, 2011

The weaker demand outlook that has pressured crude oil since the break from 100.00, was punctuated by a brief relief rally in the run up to the Franco-German summit yesterday. While the market had anticipated concrete and new resolutions for the sovereign crisis in the periphery, the meeting placed the main focus on medium-term governance issues. The ineffectual result was judged a dud by financial markets…