Demand for Oil Is Not Really There: Pro

Friday, 6 Jul 2012 | 2:10 AM ET

"Economic slowdown is always going to put pressure on oil prices, it has kept up because of what is happening in Norway and the strike there, we had a big spike particularly in Brent because the Norwegian fields are part of that pricing," Robert Montefusco, Commodities Broker at Sucden, told CNBC.