reported an increase of 0.69% to 60.25 USD per barrel. "We haven't actually had a month for WTI where it averaged in the 60s since September of 2009", he said, adding that there were many months following that year in which crude oil averaged anywhere between $80 and $100 per barrel, but not typically in the $60 range.

Concerns of oversupply in the oil market have dragged prices down, Kloza noted, and paired with "a lot of weak charts and a lot of technical selling really brought the market back down to earth".


Another possible risk for oil prices in the new year: President Donald Trump's trade agenda.

Related news:

Share this:

Hot News

isis-killer-beheading-video-story-top Without Warning, Trump Fires All Members Of HIV/AIDS Council
Dec 30, 2017 - 03:39
The firing of the remaining board members provides further evidence that the Trump administration isn't interested in the issue. Medications have advanced since then, making HIV a much more manageable diagnosis for many Americans.

Meghan Markle was 'shortlisted' to be the next Bond Girl
Dec 30, 2017 - 03:36
The source continued , "The brief was to find a glamorous rising star, specifically someone American or Canadian". Meghan Markle's dad, Thomas Markle Sr .

isis-killer-beheading-video-story-top 2 dead, including gunman, in California law office shooting
Dec 30, 2017 - 03:34
Authorities emphasized that it was not an active shooter situation, despite initial reports they received at about 2:25 p.m. By 3:30 p.m., police said there was no longer an active-shooter threat at the location.

isis-killer-beheading-video-story-top Selena Gomez's Family Drama Isn't Because of Bieber
Dec 30, 2017 - 03:26
Although Selena is back with her family in Texas for the holidays, the Wolves singer is in a rift with her mom Mandy Teefey . We're a little surprised they won't be ringing in the new year together, but maybe some space will do them some good??

isis-killer-beheading-video-story-top Are the Bucs making the right move by sticking with Dirk Koetter?
Dec 30, 2017 - 03:09
The Bucs have some young playmakers we'd expect to be featured more next season, including wideout Chris Godwin , tight end O.J. Tampa Bay Buccaneers head coach Dirk Koetter will return to the team for the 2018 season.

isis-killer-beheading-video-story-top Apple apologizes for slowdowns, cuts battery costs
Dec 29, 2017 - 02:32
At this point, we haven't seen evidence suggesting that any of them do and it could turn out that this is just an Apple thing. A report today from Reuters takes a look at Apple's broadening iPhone lineup and some of the benefits of its new strategy.

isis-killer-beheading-video-story-top Ex-Chelsea star George Weah in two-horse Liberia presidential race
Dec 29, 2017 - 02:11
President Akufo-Addo congratulated George Weah for finally winning the election at the second round and commended Mr. Usually when footballers retire they move into coaching or punditry, but George Weah made the switch to politics.

isis-killer-beheading-video-story-top Daughter of Eric Garner Declared Brain Dead
Dec 29, 2017 - 02:04
The person running Garner's official Twitter account tweeted Wednesday night that she had suffered major brain damage. The NYPD officer was not charged in Garner's death, which sparked Black Lives Matter protests across the country.

isis-killer-beheading-video-story-top Roy Moore files complaint to block Alabama Senate result
Dec 29, 2017 - 01:57
Photo Roy Moore addressing supporters at a rally in Midland City, Ala., a day before the December 12 Senate election. Mr Moore has been accused of multiple sexual abuses involving children.

isis-killer-beheading-video-story-top Nintendo Switch won't see 64GB game cards till 2019, report says
Dec 28, 2017 - 01:24
According to the Wall Street Journal , Nintendo is pushing back the introduction of larger 64GB game cards for the Switch. Delivery of larger game cartridges for Nintendo Switch game developers means a wait for some sweet titles for users.

isis-killer-beheading-video-story-top Cold spell to stretch through New Year's
Dec 28, 2017 - 01:19
Either way, Moore said, the temperatures for those days will at times be "well below freezing". Thursday and Friday temperatures will rise slightly with highs expected in the low 20s.

isis-killer-beheading-video-story-top Doctors warn flu season could peak due to travel, parties
Dec 28, 2017 - 01:14
Each year, a flu vaccine is created to target strains of the viruses expected to be most dominant that particular season. In short, prevention is always better than cure; the best defense against the flu is to get an annual flu shot.

isis-killer-beheading-video-story-top More pregnant women, especially young ones, are using marijuana
Dec 28, 2017 - 01:12
Participating women were asked to answer a questionnaire and go through a drug test to see if they tested positive for marijuana use.

isis-killer-beheading-video-story-top Khloe Kardashian Just Revealed How Far Along In Her Pregnancy She Is
Dec 28, 2017 - 01:09
Khloe spent the morning opening up Christmas gifts with her family in tow, in matching pyjamas. Responding to a tweet asking that very question, she replied , "I'll be 6 months next week".

isis-killer-beheading-video-story-top 'Tiger Zinda hai ' earns Rs 114.93 cr in opening weekend
Dec 27, 2017 - 04:32
On its very first day of its release, TZH recorded the biggest ever non-holiday collection by a Bollywood film. The year 2017 saw several big films like Tubelight and Rangoon failing to shatter records at the box-office.