Crude oil remains under pressure during the Asian session
Crude oil remained under pressure during the Asian session, as the market sentiment was still hurt by the disappointing US non-farm payrolls on Friday in addition to the Chinese data which showed an increase in inflation and a slowing growth in the second largest oil consumer amid deepening debt woes.
Oil stayed above $129 a barrel in Asian trade on Wednesday, driven by concerns over tight global supplies amid strong demand, dealers said.