News Headline Summary

ENERGY WRAP - US Crude futures settle at USD 87.74/BBL, down USD 0.54 or 0.61%

WTI and Brent crude futures settled lower as a sense of ambiguity encompasses the markets. Eurogroup leaders have so far not reached a concrete agreement regarding the Greek debt situation though the energy complex pared some of the day’s losses on recent news from the talks seeming to present more a of a positive outlook, talks have resumed and commentary will be closely watched. There has also been little development towards a compromise in US fiscal cliff talks with one senior democratic senator saying there has been little progress. The move to the downside was tempered by ongoing violent protests in Egypt that have maintained market focus on the Middle East after the ceasefire between Israel and Gaza seems to have been successful.

26 Nov 2012 - 19:37 - Energy - Source: RANsquawk

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