News Headline Summary

ENERGY WRAP - US Crude futures settle at USD 97.49/BBL, down USD 0.45 or 0.46%

WTI crude futures settled in negative territory with participants cautious ahead of tomorrows Non-Farm Payrolls figure, with support seen in the later part of the session at 96.92, the 23rd January high and S2. Brent crude oil prices edged higher throughout the session briefly touching a three-month high as participants weighed mixed economic data from the US and Europe and tensions in the Middle East continued to underpin prices for Brent. Natural Gas settled in negative territory seeing weakness after a lower than expected drawdown in EIA Natural Gas Storage Change earlier today, with support seen in recent trade at 96.92, the 23rd January high and S2. Worth of note the NYMEX pit close saw the Heating Oil and Gasoline RBOB Feb’13 future expiry.

31 Jan 2013 - 13:33 - - Source: RANsquawk

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