Crude closed a mere 13 cents down in a quiet trading session where the energy market chose to ignore a newly discovered form of the US dollar against the euro and a sharp drop in the equity market. However, one supportive factor widely mentioned in the media appears to be the endless rhetoric involving Iran nuclear ambitions although by now analysts also agree it has already been priced in. So a rather surprise display in crude which continues to ignore an oversupplied market. Maybe today's much awaited non-farm payrolls report will give a better indication on the economy and the potential reaction is very like to spill over into the energy complex.

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Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - NOV 09

69.19

(+0.07)

ICE WTI - NOV 09

70.82

(-0.13)

GASOIL - NOV 09

570.50

(-3.50)