IEA Cuts FY15 Oil Demnd Outlook (USO) (OIL)
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WTI crude falls below $60/barrel for first time since 2009 - Bloomberg (OIL)
December 11, 2014 2:18 PM ESTWTI crude falls below $60/barrel for first time since 2009, according to Bloomberg headlines.
... MoreInitial Jobless Claims 294K vs 297K Expected
December 11, 2014 8:30 AM ESTInitial Jobless Claims 294K vs 297K Expected
UPDATE - More from the Labor Department:
In the week ending December 6, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 3,000 from the previous week's unrevised level of 297,000. The 4-week moving average was 299,250, an increase of 250 from the previous... More
Nov. MoM Retail Sales Advance 0.7% vs 0.4% Expected, Ex-Auto 0.5% vs 0.1% (XRT)
December 11, 2014 8:30 AM ESTNov. MoM Retail Sales Advance 0.7% vs 0.4% Expected, Ex-Auto 0.5% vs 0.1%
UPDATE - More from the Commerce Department
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price... More
WTI crude extends decline, drops to $60.55/barrel - Bloomberg (OIL)
December 10, 2014 11:44 AM ESTWTI crude extends decline, drops to $60.55/barrel. according to Bloomberg headlines.
... MoreBrent crude drops below $45/barrel for the first time since 2009 (OIL) (USO)
December 10, 2014 10:07 AM ESTBrent crude drops below $45/barrel for the first time since 2009.
OPEC Sees FY15 Demand for Crude as Weakest in 12 Years (USO) (OIL)
December 10, 2014 6:41 AM EST(Updated - December 10, 2014 8:00 AM EST)
OPEC says demand for crude in 2015 will be weakest in 12 years.
UPDATE - More from the OPEC report:
Oil market highlights
Crude Oil Price Movements
The OPEC Reference Basket finished down $9.49 at $75.57/b in November, amid increasing supplies and sluggish global growth. ICE Brent fell $8.42 to $79.63/b, while Nymex WTI lost $8.53 to stand at $75.81/b. The Brent-WTI spread widened slightly to average $3.82/b in November.
World Economy
World economic growth for 2014 and 2015 remains unchanged from the previous month at 3.2% and 3.6% respectively. The... More
