Middle East Producers See More Heavy Oil in their Future

Ibtimes.com reported that Slow Growth and European Fiscal Concerns Weigh on Oil:

Negative sentiment has continued in trading of spot crude oil as the commodity sold off sharply on Friday following the less than expected U.S. Non-Farm Payrolls data. The downtrend continued into yesterday’s Asian trading session when the commodity reached a daily low of $69.51.

Click here to access the entire Editorial