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.
|ICE BRENT CRUDE - JAN 10||$77.39||-$0.25|
|ICE WTI - JAN 10||$77.74||-$0.30|
|GASOIL - JAN 10||$626.75||-$5.75|
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- According the Wall Street Journal, BP CEO Tony Hayward stated his belief that gasoline sales will never reach 2007 levels
Major Economic News
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