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Oil trading lower on an easing of tensions

By:

Finotec

25-08-2008

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Crude currently trading at $115.140 as of 8:05am, GMT

Oil took losses on Monday, hovering just above $114 a barrel, on diminishing supply concerns as Tropical Storm Fay crossed over land and an easing of geopolitical tensions as Russia withdrew the bulk of its troops from Georgia. But analysts said geopolitical tensions between United States and Russia, the world's second-biggest oil producer, would continue to lend support to the prices. Oil dropped by more than $6 a barrel on Aug. 22. Crude currently trading at $115.140 as of 8:05am, GMT.

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Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and no

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