Daily Oil Report - Nov 20, 2009

20 November 2009 @ 08:23 am EDT

Oil pulled back in trading as we saw a rebound in the strength of the US dollar. The US Dollar index strengthened as we saw some buying in to US treasuries. This strength, plus a larger than expected falls in crude stock piles have led to some sellers entering the market.

Crude Oil

COMMODITY LEVEL CHANGE
ICE BRENT CRUDE - JAN 10 $77.39 -$0.25
ICE WTI - JAN 10 $77.74 -$0.30
GASOIL - JAN 10 $626.75 -$5.75
     

 

 

Market News

  • According the Wall Street Journal, BP CEO Tony Hayward stated his belief that gasoline sales will never reach 2007 levels
 

 

Major Economic News

TIME MARKET DATA
  NO MAJOR ANNOUNCEMENTS
 

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