We saw a quiet day in the energy complex yesterday with WTI crude dropping a mere 4 cents, remaining below the short term moving averages which appear to be on a convergence track. What seemed to be a continuation of the previous day's sell off in crude was the consequence of a rebound in the US dollar against the euro. That in turn was supported by safe haven buying following heavy comments exchanged between the US and China in reaction to the tire tariffs. However the decline in oil prices was soon to be reversed as the greenback turned around and made fresh lows. /p> / 


Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - OCT 09

67.44

(+0.19)

ICE WII - OCT 09

68.86

(-0.04)

GASOIL - OCT 09

551.75

(+0.75)