-In a session of choppy trade WTI crude futures settled flat and Brent crude futures trade lower as weak US ISM data raised concerns that slower growth will reduce demand and continuing uncertainty about negotiations on the US budget also helped push Brent lower and pull WTI well off their respective high. The move to the downside in WTI was tempered by tensions in the Middle East that still show few signs of abatement including political protests in Egypt and conflict in Syria where the United Nations is preparing to evacuate all non-essential staff amid fears of violence.
03 Dec 2012 - 19:35 - Energy Data - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: