News Headline Summary

ENERGY WRAP - US Crude futures settle at USD 87.18/BBL, down USD 0.56 or 0.64%

WTI and Brent crude futures had a choppy trading session but with a bearish bias as US fiscal cliff concerns again weighed on sentiment. The strength in the USD throughout today's session provided sustained downside momentum for the energy complex with a albeit with a mild recovery in the mid-point of session as US equities mounted a recover. The earlier global growth growth warnings from the OECD also acted a factor in terms of demand fears despite the tensions in Egypt coming under renewed focus.

27 Nov 2012 - 19:33 - Energy - Source: RANsquawk

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