The dollar rally caused further pullbacks in the energy markets, with oil moving to the bottom of its recent trading range. Dollar strength, plus comments from a number of Oil Ministers have pushed oil lower, so now we wait to see if bulls will use this dip as a buying opportunity, or is the retreat that bears have been looking for?


Crude Oil

ICE BRENT CRUDE - JAN 10$77.34-$0.16
ICE WTI - JAN 10$75.07-$0.39
GASOIL - JAN 10$627-$8.50

Market News
- Oil ministers from Libya, Kuwait, Algeria and Qatar commented that they believe OPEC will keep output steady when they next meet on December 22nd
- Saudi Arabia’s oil minister said that oil prices bouncing in and around $70 were “perfect”

Major Economic News

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