Crude Oil trading below $49 a barrel

[Pamela Tomas]

It is time to sell... says finotec

Should I hold for another day?

[Lolly]

I would sell!

[shiny100]

Oil prices fell slightly during yesterday's trading session and closed below $49 a barrel as more signs of a sick economy fueled worries about energy consumption. The International Energy Agency (IEA) said that Crude Oil inventories rose to 359.4 million barrels, which is 15.5% above levels from one year ago, the highest level since 1993. Some analysts have said Crude Oil is waiting to break out from it's price slump but the negative inventories data may have held that rally in check..

[84amy]

The perspectives for a reduction in the US stocks are keeping the oil price high.
I leave this chart people:

[Mike987]

Crude Oil prices are trading range bound in past few trading sessions. Expectation of recovery in economy which will help to revive energy demand is supporting prices.

[84amy]

The oil price is declining due to the World Bank outlook for the economy. According to the bank, the recession is deeper than anticipated.

[forexguide]

Wow.. That is so great.. Better sell it..

[Probafix]

Crude oil future prices will gain as a short supply and higher demand in the whole world.