As Europe 2nd largest Economy sliding due to in deflation cycle and will take a year to get move in inflation cycle may be for short term ,and news headlines flashing Global crude oil supply gluts ,Now only hopes on China PMI will be positive this week to boost Crude oil prices as oil prices touched high of 51.1 last week possible to make new high above $51 to $56 to get Supply ,and then prices to drop again.
