Demand for Oil Is Not Really There: Pro

2:10 AM ET Fri, 6 July 2012

"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.