FX & CFD trading involves significant risk
led energy prices from gasoline to heating oil lower after
European grade slid as much as 2.7 percent, narrowing its discount to West
Texas Intermediate. The agreement signed yesterday in
agreement was reached after foreign ministers from the
Brent for January settlement decreased $1.63, or 1.5 percent, to $109.42 a barrel at 10:11 a.m. on the London-based ICE Futures Europe exchange after falling to $108.05. The volume of all futures was 25 percent above the 100-day average.
WTI for January delivery fell 96 cents, or 1 percent, to $93.88 a barrel on the New York Mercantile Exchange. Volume was near the 100-day average. Prices ended last week’s trading up for the first time since the seven days ended Oct. 4.
Brent, the benchmark for half the world’s crude, narrowed its discount to WTI to as little as $14.32 from Nov. 22’s $16.21, the widest gap since March 14.
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