Crude settled slightly lower yesterday on the back of the usual suspects, a slightly higher US dollar against the euro combined with a modest decline in the equity market. However, the 'Inside Day' display with the price action contained within the previous day's range could point to consolidation before the release of the weekly EIA stats. Probably last week's numbers showing surprise increases across all products still invites to a cautious approach and some investors decided to wait for the data release before entering any new positions.

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Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - NOV 09

65.49

(-0.44)

ICE WII - NOV 09

66.71

(-0.58)

GASOIL - NOV 09

544.75

(-2.50)