Brent crude fell towards USD 125 a barrel on Tuesday as global supply concerns eased and a hike in Chinese fuel prices sparked fears of lower energy demand in the world's second-largest oil consumer.
Azlin Ahmad, editor-Crude Oil, Argus Media spoke to CNBC-TV18 about her outlook on the crude oil market going ahead.
Globally, crude has been sliding down for the past few weeks on the back on poor European data, inflation in Asian economies and US debt problems. Jason Feer of Argus Media tells CNBC-TV18 that he expects the downward pressure on crude prices to continue.
Jason Feer, Vice President and Singapore Bureau Chief of Argus Media told CNBC-TV18 that if the contagion spreads to the neighbouring countries surrounding Libya, these additional disruptions could see crude oil prices heading even higher.