Crude futures reversed course after the EIA lowered its outlook for oil prices to $42 and $53 a...

|By:, SA News Editor

Crude futures reversed course after the EIA lowered its outlook for oil prices to $42 and $53 a barrel in 2009 and 2010 - down from last month's $43 and $55 - which Alaron's Phil Flynn calls "a sober reminder that demand is still bad and may not recover anytime soon." Crude -2.9% to $45.70.