News Headline Summary

ENERGY WRAP - US Crude futures settle at USD 88.91/BBL, up USD 0.84 or 0.95%

WTI crude futures finished the session in positive territory despite the lacklustre data out of the US, with its first monthly gain seen since August. The general weaker USD today has helped aid the upside movement in the oil markets. Much of the market focus continues to remain on the US fiscal cliff talks which are currently at stalemate. Natural gas futures bucked the trend by finishing lower on the day, with prices seeing a general trend lower seen since the end of last week with forecasts of warmer temperatures for Decemebr.

Print 19:33, 30 Nov 2012 - Commodities - Source: RANsquawk