Markets

Mid-Session Energy Market Report for 11/22/2010

The crude oil complex has experienced some downside pressure this morning, which appears to be the result of a rebound in the US Dollar and central bank actions out of China to rein in future growth. Some traders viewed the decision by the PBOC as something that could reduce future demand growth for oil-related products. Meanwhile, there was a report released from a private industry group this morning that indicated that US crude oil demand in October was up just over 1.0% compared to year ago levels. December natural gas continues to operate independently compared to the rest of the petroleum complex and has broken out to its best price level of the week.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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