Energy OverView May 15, 2012

June crude oil prices trended lower in Asia, but took an upward path as Europe lit up, posting the day’s high, so far, at 95.04. The star performer of the addled European Union, Germany, posted a rise in exports well ahead of market expectations. This has apparently lifted the pall over the euro zone a bit. Still, the European Commission expects the economy in the 17countries that use the euro to shrink 0.3% this year.

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