With a lack of signals coming from analysts and virtually no news that could have an impact on crude prices, oil has again suffered moderate setbacks today.
Confounding investors who lack any fundamentals to trade on, Wall Street again witnessed a pull back affecting US crude oil prices.
Analysts say absolutely any news is good for supporting oil. When unemployment figures rise, crude offers a safe haven for investors fearing an economic slowdown, while any improvement in the economy signals potential for increased demand. Read the full story