Crude Oil News

Crude Oil News
Soybeans, Corn Fall Most in Three Weeks: Commodities at Close
The Standard & Poor’s GSCI Spot Index of 24 raw materials fell 0.4 percent to settle at 632.88 at 3:56 p.m. New York time, led by agriculture and energy.
Oil Options Volatility Steady Amid ‘No Progress’ in Fiscal Talks
Crude options volatility was little changed and oil futures fell after House Speaker John Boehner said “no progress” had been made in talks with the White House on how to avoid the so-called fiscal cliff.
U.S. Extends Iran-Oil Sanctions Exceptions for Nine Nations
The State Department announced that nine oil-importing nations will continue to be exempted from U.S. sanctions aimed at Iran’s nuclear program.

Rice’s Undiplomatic Route to Verge of Top Diplomatic Post
When Susan Rice was seven years old, her schoolmates’ parents pegged her to become the first African- American president of the United States.
Crude Rises; Copper Set for Weekly Gain: Commodities at Close
The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.04 percent to 635.96 at 5:55 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials dropped 0.08 percent to 1,580.009.
Copper Gains in London Before China’s Production: LME Preview
Copper advanced in London on prospects for growth in industrial production in China, the world’s largest buyer of industrial metals. China’s National Bureau of Statistics on Dec. 9 will report a 9.8 percent gain in November industrial production from a year earlier, up from a 9.6 percent gain in October, according to the median estimate of analysts surveyed by Bloomberg News.
Yemen Said to Offer 1.9 Million Barrels of Masila Oil
Yemen issued a tender to sell 1.9 million barrels of Masila crude for loading in February, according to two people who received a copy of the offer document.
Iran Oil Export Delays Seen Worsening as Sanctions Hinder Trade
Iranian oil tankers are contending with longer delays in shipments and some are idled amid increasing pressure on buyers to curb purchases from what was once OPEC’s second-biggest producer.
Crude Oil Drops as ECB Cuts Growth Outlook: Commodities at Close
The Standard & Poor’s GSCI Spot Index of 24 raw materials fell 1.2 percent to settle at 635.69 at 3:55 p.m. New York time, led by energy.

U.S. Stocks Advance as Apple Rebounds; Euro, Oil Retreat
U.S. stocks rose for a second day as Apple Inc. rebounded following its worst drop in four years and investors weighed prospects for a budget deal in Washington. Treasuries pared early gains. The euro and oil fell.