Energy OverView May 1, 2012

The market shook off early weakness yesterday to finish with only a modest loss. A late move to 105.16 marked a new nine-day high. June crude oil prices were under Initial selling pressure measured the effect of economic data from Spain indicating that the country was in a recession, as well as a disappointing US economic statistics. A rally in the US dollar from a new two-month low early on…

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