Oil moved ever so slightly to the upside, but in the run-up to the Thanksgiving holidays, it would appear that investors are reluctant to take a stance. Oil investors should note that we have weekly data released by the API tonight at 2130, and weekly oil inventories released tomorrow at 1330.

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Crude Oil

ICE BRENT CRUDE - JAN 10

$77.31

-$0.14

ICE WTI - JAN 10

$77.17

-$0.38

GASOIL - JAN 10

$623.50

-$16.00

Market News

- Positive data from the National Association of Realtors in the US helped buoy market bulls that the state of the economy is improving
- WSI Corp, the private weather forecaster, said that the North East of the US, the worlds’ top consumer of heating oil, will have a warmer December than normal
- Poor visibility has led to the shutting of the Turkish Bosporus Strait

Major Economic News

TIME

MARKET DATA

2130

American Petroleum Institute