WTI crude futures finished the session in positive territory for the fifth consecutive session, boosted by positive data out of the US. The better than anticipated Philly Fed, allied with the improvement in Existing Home Sales boosted expectations for higher oil demand. WTI crude futures has gained some momentum since breaking the 50DMA in yesterday's session which was seen at USD 88.42.
20 Dec 2012 - 20:40 - Energy Data - Source: RANsquawk
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: