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LONDON (Dow Jones)--Oil prices were higher in London Thursday, hovering just below $80 a barrel on the last trading day of the year. "We don't expect to see much in terms of direction over the course of the shortened trading day," said MF Global analyst Ed Meir. "Next week should get more interesting, as not only will we get additional macro-economic numbers out of the U.S., but more liquid markets could give the complex more direction." Meir anticipated oil prices could have trouble breaking above firmly established $80-$82 a barrel resistance ...
Full Story: OIL FUTURES: Crude Closes 2009 Heading Towards $80/Bbl - Wall Street Journal
LONDON (Dow Jones)--Oil prices were higher in London Thursday, hovering just below $80 a barrel on the last trading day of the year. "We don't expect to see much in terms of direction over the course of the shortened trading day," said MF Global analyst Ed Meir. "Next week should get more interesting, as not only will we get additional macro-economic numbers out of the U.S., but more liquid markets could give the complex more direction." Meir anticipated oil prices could have trouble breaking above firmly established $80-$82 a barrel resistance ...
Full Story: OIL FUTURES: Crude Closes 2009 Heading Towards $80/Bbl - Wall Street Journal
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