Fri, 18 May 2012 18:30:32 GMT
Heating oil followed common bearish trend
Energy markets tumbled on Thursday along with high risk-aversion among investors in view of the economic and political instability in the Euro Zone. On Thursday, Moody's downgraded 16 Spain's banks while Fitch cut Greek credit rating to ‘CCC'. Crude oil declined, following disappointing release of Philadelphia's manufacturing index. At the same time, investors eyed negative developments in the Euro Zone