US crude was moving in the opposite direction after US inventory data showed an unexpected drop in crude stockpiles. The US Energy Information Administration released a report on Wednesday which showed that domestic crude stocks were down 5.6 million barrels in the last week of November
4.19 PM Dec 6th
CNBC reported that Brent prices slipped after OPEC ended it`s meeting by agreeing to renew its 30 million barrel per day production cap for the first half of 2014. The group has worked to keep oil prices above $100 as that is the break even point for several of its members.
4.18 PM Dec 6th
Source:Market Watch - HONG KONG (MarketWatch) -- Oil futures on Friday moved between small gains and losses as investors prepared to assess monthly U.S. jobs data later in the day. Crude oil for January delivery (NMN:CLF4) rose 1 cent to $97.39 a barrel in electronic trading. Reuters Enlarge Image
2.53 PM Dec 6th
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