Oil Report
Thursday 10th September 2009

It seems that the energy complex is enjoying a revival at the moment after dropping from the $75.00 highs as the US dollar continued to decline posting fresh lows for the year against the euro. Consequently crude moved higher helped also by a stronger equity market. Last night OPEC's meeting in Vienna didn't bring any significant developments with members declaring themselves 'happy' with the current prices. Today's weekly EIA report could offer some extra clues but crude market sentiment is likely to remain closely linked to the currency / equity markets.

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Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - OCT 09

69.83

(+0.38)

ICE WII - OCT 09

71.31

(+0.14)

GASOIL - OCT 09

579.00

(+4.00)

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