Oil continued to trade in and around the $78 level, in the middle of the monthly trading range of between $75 and $80. Trading may be quiet today ahead of the release of weekly inventory data, scheduled for release at 1530. Inventories unexpectedly fell last week, according to an API release late last night.

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Crude Oil

COMMODITYLEVELCHANGE
ICE BRENT CRUDE - JAN 10$79.05-$0.30
ICE WTI - JAN 10$78.07-$0.32
GASOIL - JAN 10$639.25-$5

Market News

- Lundin Petroleum find gas in the greater alvheim area, in offshore Norway
- Iran are reported to have released the 5 British sailors captured earlier in the week
- Please note the release of the weekly oil inventories later this afternoon

Major Economic News

TIMEMARKET DATA
1530Weekly Oil Inventories