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.

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Crude Oil

COMMODITYLEVELCHANGE
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

TIMEMARKET DATA
 NO MAJOR ANNOUNCEMENTS