NYMEX: U.S. oil slips but remains above $100
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[December 30, 2013]
SINGAPORE, Dec 30 (Reuters) — U.S.
crude oil futures slipped on Monday but remained above $100 per
barrel, after posting the biggest gain in more than two months,
fueled by a decline in U.S. oil inventories.
U.S. crude futures for February delivery edged down to $100.23 a
barrel by 0038 GMT, down from $100.32 on Friday, but still the
highest level since October 21.
Brent crude for February delivery rose to $112.33 a barrel up 15
cents from $112.18 on Friday, and the highest level since December
U.S. crude stocks fell by 4.7 million barrels to 368 million
barrels in the week ending December 20, according to data from the
Energy Information Administration, prompting U.S. oil prices to gain
over $1 a barrel on Friday.
Negotiators from Iran and six world powers will resume talks later
today on how to roll out last month's landmark nuclear deal.
Oil security guards in Libya are threatening to block a gas
pipeline in what would be an escalation of a wave of strikes at
oilfields and export terminals that have reduced the country's oil
exports to a trickle.
Production is returning to normal after workers
ended strikes at five Total refineries in France, action which undermined
Brent oil prices.
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Asian markets looked to run out the year with a flourish on
Monday, with Japanese shares again set to lead the way and on course
to gain almost 56 percent in 2013.
The following data is expected on Monday:
(Reporting by Keith Wallis; editing by
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