Oil fears still shadows the markets

Oil fears are not yet left the International markets. Crude futures tumbled nearly 6 $ to close below 110 $ per barrel after the Gustav impact on American Gulf. The impact of Gustav at Oil facilities were minial. Now analysts are expecting that OPEC may going to reduce the production in the next week. So don't expect too much gains from stock markets. The bearish phase not yet left in markets. (thebullishtrends)