News Headline Summary

ENERGY WRAP - US Crude futures settle at USD 89.51/BBL, up USD 1.58 or 1.80%

WTI crude futures finished the session higher with decent gains, which marks the fourth consecutive trading day of gains for the energy component. In terms of data points, participants observed the DoE inventory figures which showed another rise in gasoline stockpiles and stand at the highest levels for 4 years. The upside today in the oil markets was attributed to a technical move higher, allied with light volumes as markets head towards the Christmas break.

19 Dec 2012 - 19:43 - Energy Data - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: